1420 16th St Miami Beach, FL 33139
Income-producing 4-plex with redevelopment potential near Lincoln Road.
Type:Multifamily
Property size:
4,460 SFPrice / SF:
$650/SF- Added:
- Sep 16, 2024
- Days on Market:
- 585
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1420 16th St
General Information
- Standard status
- Active
- Size
- 4,460 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1955
Listing agent Shana Santalla License #3051263
Listing office Lifestyle International Realty
Listing date Sep 16, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lifestyle International Realty
Overview
South Beach Development Opportunity
This Miami Beach property presents a prime development opportunity in South Beach. Located on a private bay-access street, it is just steps from Lincoln Road. The property is an income-producing fourplex with immediate cash flow and major redevelopment potential. It is zoned RM-2, allowing for construction up to 60 feet (6 stories) with a 2.0 FAR, providing an approximate 10,000 square feet buildable area for up to 10 units. Permitted uses include luxury multifamily residences, townhomes, a boutique hotel, or short-term rentals (with BTR). The property features two 2-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units, hurricane-impact windows and doors, upgraded electrical systems, new PVC pipes, balconies, porches, and four parking spaces. The property is fully leased with long-term tenants and is well-maintained, requiring no repairs. The property size is 4,460 square feet. This property is being sold as part of an assemblage along with 1580 Bay Rd, 33139, and 1410 16 St, Miami Beach, 33139.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1359
- Latitude
- 25.784
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 Beach, 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: Prime South Beach location with private Bay access, steps to Lincoln Road; RM‑2 zoning allows for redevelopment up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units for luxury multifamily, townhomes, boutique hotel, or short‑term rentals; Income‑producing 4‑plex with immediate cash flow and long‑term tenants
