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Miami,FL 33132
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Miami North
MLS Listing ID A11723602
Annual Tax Amount $90,162
Tax Year 2024
Lot Size 6,969 Sqft
Property Sub-Type Commercial
Property 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 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.
Location
State FL
County Miami-dade
Community Miami North
Area 41
Exterior
Utilities Available None
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11723602