Active
Private Address
$18,500,000
$2,466.67 per sqft
Active
0.17 Acres
Land
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.
A11723602
MLSⓇ ID
January 13, 2025
Listed
January 29, 2025
Updated
Map
Private Address
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
City Location, Less Than 1 Acre
Sewer
Other
Other Property Details
Area Name
Miami North
Taxes
$90,162
Tax Frequency
Annually
Days on Market
16
Garage
No
View
No
County
Miami-Dade County
Water Source
Municipal Water
Pool
No
Zoning
6401
Listed by: Compass Florida, LLC
Listing Contact: 305-281-0175
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Data last updated 6:17 PM UTC, 1/29/2025.