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$20,000,000
53 Days On Site
139 NE 1st StMiami, FL 33132
For Sale|Hotel/Motel|Active
0
Beds
0
Full Baths
0
Partial Baths
43,265
SqFt
$462
/SqFt
1927
Built
County:
Miami-Dade
Call Now: +1 (305) 987-1530
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+1 (305) 987-1530
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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.
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Listing Snapshot
Price
$20,000,000
Days On Site
53 Days
Bedrooms
N/A
Inside Area (SqFt)
43,265 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
7,500 Acres
Year Built
1927
MLS® Number
A11683861
Status
Active
Property Tax
$90,162
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Listing first seen on site | |
| 2 months ago | Listing updated with changes from the MLS® |
General Features
Property Sub Type
Hotel/Motel
SqFt Total
43265
Zoning
6401
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Exterior Features
Road Frontage
City Street
Community Features
Financing Terms Available
CashOwner May Carry
MLS Area
41
Listing courtesy of Compass Florida, LLC
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2024, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2024, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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