Description
Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Favorable land lease structure expiring in 23 years, building is performing at a good cap rate in a strong rental market with upside on rents. Building is well-kept and well-managed. Financials available upon request.
Location
Array
$68,000,000
10
18
13,323 Sq ft
ACTIVE
MLS# A11480605
$65,000,000
7
10
12,705 Sq ft
ACTIVE
MLS# A11474503
$62,000,000
6
10
8,993 Sq ft
ACTIVE
MLS# A11446794
$54,000,888
10
12
12,161 Sq ft
ACTIVE
MLS# A11389239
$47,000,000
12
16
31,464 Sq ft
ACTIVE
MLS# A11251315
$45,000,000
6
9
9,083 Sq ft
ACTIVE
MLS# A11312145
$39,999,000
10
15
12,809 Sq ft
ACTIVE
MLS# A11478040
$38,000,000
7
10
10,200 Sq ft
ACTIVE
MLS# A11306295
$38,000,000
7
9
10,300 Sq ft
PENDING
MLS# A11306290
$36,410,000
5
6
7,302 Sq ft
ACTIVE
MLS# A11389475
$36,000,000
7
10
10,200 Sq ft
ACTIVE
MLS# A11315671
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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 8th December, 2023 12:07 PM (UTC)
Listing Office: Avanti Way Commercial
