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$ 18,500,000
Est. payment | /mo
6,969 Sqft Lot
$ 18,500,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Miami North
MLS Listing ID A11723602
HOA Y/N No
Annual Tax Amount $90,162
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x150
Property Description
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.
Location
State FL
County Miami-dade
Community Miami North
Area 41
Exterior
Utilities Available None
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Tax ID 01-01-10-040-1100
Listed by Compass Florida, LLC
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