Active
Private Address
$20,000,000
Active
Commercial
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.
A11672529
MLSⓇ ID
September 27, 2024
Listed
November 21, 2024
Updated
Map
Private Address
Interior Features
Fireplace
No
Cooling
No
Heating
No
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
11
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 11:24 PM UTC, 11/21/2024.