139 NE 1st St, Miami FL 33132

Description

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.

This hotel/motel home located at 139 NE 1st St, Miami FL 33132 is currently for sale and has been available on Brickellsold for 1 day. This property is listed at $20M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1927. 139 NE 1st St, Miami FL 33132 is in Miami county Miami-Dade County.