139 NE 1st St Miami, FL 33132
FOR SALE - Active
$18,500,000
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 43,265 ft2/4,019.45 m2
- Price Per: $427.60 ft2/$4,602.62 m2
- Type: Commercial/Investment
- Built: 1927
- HOA: No info
- MLS Number: A11723637
- View No info
- On Site: 7 days
- Updated: Listing Refreshed: 7 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 01/13/2025 | Listed | $18,500,000.00 | $427.60 ft2/$4,602.62 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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