Bay Lincoln

$2,875,000

1420 16th St, Miami Beach, FL 33139

For Sale

Multifamily Duplex / Triplex / Fourplex

Active

Last Updated: 04/30/2025

Details:

Building Size: 4,460 sqft

Units: 4

Year Built: 1955

Floors: 2

Parking Spots: 4

Gross Leaseable Area: 4,460

Offered by Realtor

Shana Santalla

Lifestyle International Realty

#3051263

Request Info to Unlock

Highlights:

Lot Features: Less Than 1/4 Acre Lot
Documents Available: Financial Statement, Rent Rolls
Architectural Style: Attached
Cooling: Wall/Window Unit(s)
Heating: Electric
Flooring: Tile, Wood
Construction Materials: CBS Construction

Description:

Prime South Beach Development Opportunity! Miami Beach. Private Bay-access street steps to Lincoln Road. Income-producing 4-plex with immediate cash flow + major redevelopment potential. 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). Features (2) 2BR/2BA & (2) 2BR/1BA units, hurricane-impact windows/doors, upgraded electrical, new PVC pipes, balconies/porches, 4 parking spaces. Fully leased with long-term tenants. Well-maintained, no repairs needed. The street does not flood. Proof of funds + NDA required. Do not disturb tenants.