139 NE 1st St, Miami FL 33132
What's special
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.
Facts & features
Interior
- Bedrooms:0
- Bathrooms:0
- Full bathrooms:
- 1/2 bathrooms:
- Total interior livable area:sqft
Property
- Garage spaces:
- Stories:
- Has private pool:Yes
- Has view:Yes
- Has water view:Yes
- Size:0.16Acres
- Zoning:6401
Construction
- New construction:NoYes
- Year built:
Utilities & green energy
- Sewer:Other
- Water:Municipal Water
Community
Financial & listing details
- Price per square foot:0
- Annual tax amount:
- Date on market:January 13, 2025
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