Active
139 NE 1st St
Miami FL, 33132
$20,000,000
$462.27 per sqft
Active
43,265 sqft
Commercial
Built in 1927
Compass Commercial presents the Historic "Dade-Commonwealth Building," an existing 43,265sf office building with rare in-place approvals from the Historic Preservation Board and City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the existing structure can be repositioned to a 60-key hotel. Sale includes approved demolition permits + Master permits, which are in the final stages, allowing for quick project initiation. Due to its historic designation, the property is entitled to an Ad Valorem Exemption and the Federal Historic Rehabilitation Tax Credit. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.
A11683861
MLSⓇ ID
October 27, 2024
Listed
October 29, 2024
Updated
Map
139 NE 1st St
Miami FL, 33132
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Taxes
$90,162
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Miami-Dade County
Pool
No
Zoning
6401
Listed by: Compass Florida, LLC
Listing Contact: 305-281-0175
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Data last updated 12:39 AM UTC, 10/29/2024.