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 City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the existing structure can be repositioned to a 60-key hotel. Sale includes approved demolition permits + Master permits, which are in the final stages, allowing for quick project initiation. Due to its historic designation, the property is entitled to an Ad Valorem Exemption and the Federal Historic Rehabilitation Tax Credit. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.

This listing is courtesy of Alexandra Sierra at Compass Florida, LLC em:alexandra.sierra@compass.com ph:305-281-0175.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0101100401100 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 01-1100-040-1100 (0101100401100)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 139 NE 1 St
City: Miami
State: Florida
Zip Code: 33132-2527 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 43,430
Actual Square Feet: 43,430
Adjusted Square Feet: 43,265
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Lot Size - English*
Lot Size (sf): 7,500
Lot Size (acres): 0.17
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Building Size - Metric*
Living Square Meters: 4,034.78
Actual Square Meters: 4,034.78
Adjusted Sq M: 4,019.45
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Lot Size - Metric*
Lot Size (sq m): 697
Lot Size (ha): 0.07
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Zoning & Land Use*
Land Use: 1813 - Office Building - Multistory : Office Building
Zoning: 6401 - Commercial
Municipal Zoning: T6-80 O (Miami)
All Listed | All Properties
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Prior Sale*
Type: Partial interest
Qual: U
Date: 11/16/2015
Amount: $2,024,000
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Prior Sale #2* (Second to Last)
Type: Partial interest
Qual: U
Date: 11/16/2015
Amount: $7,176,000
  -
Prior Sale #3* (3rd to Last)
Type: Partial interest
Qual: Q
Date: 03/01/2003
Amount: $1,300,000
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Taxable Values*
Tax Year: 2023
Land: $5,250,000
Building: $32,362
Total: $5,282,362
Assessed: $3,823,851
County Taxable: $3,823,851
City Taxable: $3,823,851
Mill Code: 0101
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Ownership*
Owner 1: Dream Downtown Miami Llc
Mailing Address: 18851 Ne 29 Ave 1000
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33180
Mailing Country: USA
  -
Building Information*
Stories: 7
Year Built: 1927
Effective Year Built: 1935
Extra Features 1: Chill Water A/c (aprox 300 Sqft/ton)
Extra Features 2: Elevator - Passenger, Automatic - 2500 Lb Hi-rise
Extra Features 3: Plumbing Fixtures - Hi-rise
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Legal Description*
Legal Description Concatenated: 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

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.