Description
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,
, 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
Features
- Building Area Total
43265
- Building Area Units
Square Feet
- City
Miami
- Contract Status Change Date
2023-02-22 00:00:00
- County Or Parish
Miami-Dade County
- Days On Market
124
- Directions
COMING FROM THE NORTH TAKE I95 SOUTH EXIT AT NE 2ND AVE TOWARD BISCAYNE BLVD
TURN RIGHT ONTO NE 1ST ST
ARRIVE TO 139 NE 1 ST. USE GPS
- Expiration Date
2023-09-01 00:00:00
- Latitude
26
- List A O R
A-Miami Association of REALTORS
- Listing Terms
Owner Will Carry
All Cash
- List Price
21000000
- Living Area Units
Square Feet
- Longitude
-80
- Lot Size Dimensions
50.000x150
- Lot Size Square Feet
7500
- Lot Size Units
Square Feet
- Mls Status
Active
- On Market Date
2023-02-22 00:00:00
- Original List Price
20000000
- Originating System Name
miamire
- Parcel Number
01-01-10-040-1100
- Postal Code
33132
- Previous List Price
20000000
- Property Sub Type
Office
- Property Type
Commercial Sale
- Standard Status
Active
- State Or Province
FL
- Stories
7
- Stories Total
7
- 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
- Tax Year
2022
- Unparsed Address
139 NE 1st St
Miami FL 33132
- Virtual Tour URL Unbranded
https://youtu.be/c1ZRqM5ihHA
- Year Built
1927
- Year Built Details
Resale
- Zoning
6401
