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1420 16Th St Miami, FL 33139

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For Sale
$2,900,000

Income-producing 4-plex with redevelopment potential near Lincoln Road.

Building Details

Year built
1955

Source: Lifestyle International Realty Agent Shana Santalla

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

South Beach Development Opportunity

This property presents a prime development opportunity in South Beach, Miami Beach, situated on a private bay-access street, steps from Lincoln Road. Currently, the site features an income-producing fourplex with immediate cash flow and significant redevelopment potential. Zoned RM-2, the property allows for construction up to 60 feet (6 stories) with a 2.0 FAR, providing an approximate buildable area of 10,000 square feet and up to 10 units. Permitted uses include luxury multifamily residences, townhomes, a boutique hotel, or short-term rentals (with BTR). The existing structure includes two 2-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units. Features include hurricane-impact windows and doors, upgraded electrical systems, new PVC pipes, balconies and porches, and four parking spaces. The property is fully leased with long-term tenants and is well-maintained, requiring no repairs. It is being sold as part of an assemblage along with 1580 Bay Rd, 33139, and 1410 16 St, Miami Beach, 33139. The total building square footage is 13,380.
Insight Report Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.144064
Latitude
25.78876

FAQs

What type of property is this?
Quadplex - Income-producing 4-plex with redevelopment potential near Lincoln Road.
Where is this quadplex located?
The property is located at 1420 16Th St Miami, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: - Major redevelopment potential in prime South Beach location steps to Lincoln Road.; - Zoned RM-2: Build up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units.; - Permitted uses: luxury multifamily, townhomes, boutique hotel, or short-term rentals (with BTR).
More about this property
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