139 NE 1st St

Miami, FL, 33132

$20,000,000

$462 per ft²
$20,000,000
$462 per ft²
Active
Active
 - For Sale
carpenters-square
43,265 ft²
property_type
Commercial
calendar
Built 1927
43,265 SF BUILDING FOR SALE. Historic 1927 "Dade-Commonwealth Building”, an existing office building and fully site plan approved hotel development site at the heart of Downtown Miami. 7- STORIES. Each Floor 6,000SF, Office Space. ALL COMMON AREAS RE-BUILT (Lobby/Elevator Landings/Stairs/Upstairs Bathrooms). Retail Level + 6 Office Levels. ZONED MIXED-USE. (sizes approx.) INVESTMENT FEATURES The Property has rare in-place approvals from the Historic Preservation Board and the City of Miami for the demolition. Fully approved plans, with permits pending request have been filed, and are pending, for the construction of a 17-story, 163-key hotel. Entitled to the Ad Valorem Tax Exemption for Historic Properties. Federal Historic Rehabilitation Tax Credit Zoned as T6-80-O
MLS® ID:
A11346846
Listed:
2/21/23
Updated:
3/31/23
Luxury Living International | Real Estate
Mobile: 312-953-9567Office: 305-889-8400Email: LLi@LuxuryLivingInternational.io

Exterior/Building Features

Lot Size
7,500 ft² lot
Architectural Style
Free Standing

Other Property Details

Taxes
$81065
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Miami-Dade County
Pool
No
Total Stories
7
Zoning
6401
Sub Agency Compensation
2.5%
Buyer Agency Compensation
2.5%
Transaction Broker Compensation
2.5%

Courtesy of Francisco Neri with Canvas Real Estate
Listing Contact:  

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2023 Miami Association of REALTORS® all rights reserved. 

Data last updated 9:11 AM UTC, 3/31/23.

Luxury Living International | Real Estate
Mobile: 312-953-9567Office: 305-889-8400Email: LLi@LuxuryLivingInternational.io
Contact