South Beach Development
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1420 16th St, Miami Beach, FL 33139
Income-producing 4-plex with redevelopment potential near Lincoln Road.
Property Size4,460 SF
Price / SF$650.22
Days on Market695
Property Features for 1420 16th St
General Information
Standard status
Active
Size
4,460 SF
Property subtype
Multifamily
Zoning
4000
Building Details
Year Built
1955
Listing Agency:
Lifestyle International Realty
(786) 369-5518
Listed By:
Shana Santalla · License #3051263
Source:
Crexi
Added: Sep 16, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:24AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,907
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
