,Commercial, Miami North en Venta & Alquilar

en Venta & Alquilar

Precio $18,500,000.00

• Tamaño de lote 7500
• Año de construcción
• Frente al agua
• Zip 33132
• Estilo
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

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 the City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the property can be delivered with a lease from a Flag Hotel Operator with a Corporate guarantee. Sale includes approved plans, demolition permits, + Master permits, which are in the 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 its historic designation. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.

Additionally, the property qualifies for the Federal Historic Rehabilitation Tax Credit, offering a 20% tax credit on direct and indirect renovation costs. Don?t miss out on this rare chance to develop a luxury hotel with significant tax incentives and fast-tracked demo permits in place. The historic designation of the Dade-Commonwealth Building provides significant tax incentives for developers, including a 10-year Ad Valorem Tax Exemption covering 100% of the assessed value of qualified improvements.

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

City Location, Less Than 1 Acre

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 the City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the property can be delivered with a lease from a Flag Hotel Operator with a Corporate guarantee. Sale includes approved plans, demolition permits, + Master permits, which are in the 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 its historic designation. 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,Tax Year:2024,Latitude:25.7755498,List Price:18500000,Listing Id:A11723602,Longitude:-80.1911244,Mls Status:Active,Utilities:1:None,Postal Code:33132,Coordinates:1:25.7755498,Lot Features:1:Less Than 1 Acre,Photos Count:25,Building Name:MIAMI NORTH,Days On Market:16,Lot Size Acres:0.16,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Miami North,On Market Date:2025-01-13,Parcel Number:01-01-10-040-1100,Property Type:Commercial Land,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 the City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the property can be delivered with a lease from a Flag Hotel Operator with a Corporate guarantee. Sale includes approved plans, demolition permits, + Master permits, which are in the 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 its historic designation. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.,County Or Parish:Miami-Dade County,Frontage Length:50,List Office Name:Compass Florida, LLC,Private Remarks:Additionally, the property qualifies for the Federal Historic Rehabilitation Tax Credit, offering a 20% tax credit on direct and indirect renovation costs. Don?t miss out on this rare chance to develop a luxury hotel with significant tax incentives and fast-tracked demo permits in place. The historic designation of the Dade-Commonwealth Building provides significant tax incentives for developers, including a 10-year Ad Valorem Tax Exemption covering 100% of the assessed value of qualified improvements.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2527,Property Sub Type:Commercial,State Or Province:FL,Subdivision Name:MIAMI NORTH,Tax Annual Amount:90162,Unparsed Address:139 NE 1st St, Miami FL 33132,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Lot Size Dimensions:50x150,Lot Size Square Feet:7500,M I A M I R E_ L P Amt Sq Ft:2466.6667,Original List Price:18500000,Public Survey Range:3,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 the City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the property can be delivered with a lease from a Flag Hotel Operator with a Corporate guarantee. Sale includes approved plans, demolition permits, + Master permits, which are in the 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 its historic designation. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.,Listing Contract Date:2025-01-13,Originating System I D:miamire,Public Survey Section:10,Showing Instructions: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:3,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Compass Commercial presents a rare hotel opportunity in Downtown Miami with in-place approvals from the Historic Preservation Board and City of Miami.,Contract Status Change Date:2025-01-13,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,