1420 16Th St Miami, FL 33139
Income-producing 4-plex with redevelopment potential near Lincoln Road.
Building Details
- Year built
- 1955
Source:
Elliman
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.144064
- Latitude
- 25.78876
Nearby Similar for Sale
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).