Compass Commercial presents a Hotel redevelopment opportunity in the heart of Downtown Miami with rare in-place approvals from the Historic Preservation Board and City of Miami. Approved for a 17-story, 163-room upscale hotel with approved demolition permits (except facade on the first three stories) in place. Master permits in final stages allowing for quick project initiation. The property is entitled to an Ad Valorem Exemption and also the Federal Historic Rehabilitation Tax Credit due to it’s historic designation. Great opportunity to develop a luxury hotel in Downtown Miami that’s fast-tracked with approved plans + tax credits.
Property Details
Price:
$18,500,000
MLS #:
A11723602
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial
Subdivision:
MIAMI NORTH
Neighborhood:
Miami North
City:
Miami
Listed Date:
Jan 14, 2025
State:
FL
ZIP:
33132
Lot Size:
7,500 sqft / 0.16 acres (approx)
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Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$90,162
Map
Community
- Address139 NE 1st St Miami FL
- SubdivisionMIAMI NORTH
- CityMiami
- CountyMiami-Dade County
- Zip Code33132
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