139 1st St , for Sale

139 1st St for Sale

Price $20,000,000.00

• Lot size 43265
• Year Build 1927
• Waterfront
• Zip 33132
• Style
• Parking Description
• Pool Yes
• Status Active

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.

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

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.

City:Miami,Zoning:6401,List A O R:A-Miami Association of REALTORS,Latitude:25.7755498,List Price:20000000,Listing Id:A11683861,Longitude:-80.1911244,Mls Status:Active,Year Built:1927,Postal Code:33132,Street Name:1st St,Coordinates:1:25.7755498,Photos Count:25,Business Type:1:Office Space,Days On Market:1,Listing Terms:1:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-10-27,Parcel Number:01-01-10-040-1100,Property Type:Commercial Sale,Street Number:139,Public Remarks: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.,Structure Type:1:Hotel/Motel,2:Office,3:Hotel,County Or Parish:Miami-Dade County,List Office Name:Compass Florida, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2527,Property Sub Type:Hotel/Motel,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:90162,Unparsed Address:139 NE 1st St, Miami FL 33132,Listing Agreement:Exclusive Right To Sell,Building Area Total:43265,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:20000000,Public Survey Range:1,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-10-27,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:139,Tax Legal Description: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,Public Survey Township:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Compass Commercial presents the Historic "Dade-Commonwealth Building," an existing 43,265sf office building with in-place approvals for a163room hotel,Contract Status Change Date:2024-10-27,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,