139 NE 1st St, Miami, FL, 33132

139 NE 1st St, Miami, FL, 33132

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.


Status:

Active

Type:

Commercial

Zoning:

6401

Est. Taxes:

$90,162

Days on Market:

1

MLS #:

A11683861


Community Info

School Info

Walk Score

Yelp



Listing courtesy of Compass Florida, LLC Phone: 305-851-2820