Basic Information

  • MLS # A11683861
  • Type Hotel
  • Status Active
  • Subdivision/Complex
  • Year Built 1927
  • Total Sqft 7,500
  • Date Listed 10/28/2024
  • Days on Market 22
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.

Exterior Features

  • Waterfront No
  • Pool No
  • Parking Spaces 0
  • Parking Description
  • Style Hotel Motel

Interior Features

  • Adjusted Sqft 7,500
  • Sqft 7,500

Property Features

  • Address 139 N E1st St
  • Aprox. Lot Size 7,500
  • City Miami
  • County Miami-Dade
  • Furnished Info No
  • Listing Terms Cash, Owner May Carry
  • Occupant Type Vacant
  • Possession Closing And Funding
  • Postal City Miami
  • Public Survey Township 1
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $90,162
  • Tax Information MIAMI NORTH PB B-41 E1/2 OF LOT 15 & W1/2 OF LOT 16 BLK 104 LOT SIZE 50.000 X 150 OR 21131-3691 0303 1
  • Tax Year 0
  • Terms Considered Cash, Owner May Carry
  • Type of Property Hotel Motel

139 NE 1st St

Miami, FL 33132

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC. tel: 305-330-5481

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