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.
Incredible Development Opportunity in the Vibrant Arts & Entertainment District! This prime property, located in an Opportunity Zone, offers a unique chance for savvy investors. With permitted buildable units reaching up to 216 for residential or 433 for hotel units, the potential is boundless. This prime 18,900 SF parcel is this is truly a Developer's Dream. Nestled in Miami's most sought-after neighborhood, capitalize on the advantage of the city's highest density zoning. Whether envisioning a striking Condo Tower, a thriving Apartment Rental Building, or a luxurious Hotel, this site holds immense promise for a groundbreaking project. Seize the opportunity to shape the future of Miami's skyline and be a part of this dynamic and rapidly growing community.
The median home value in Miami, FL is $524,600. This is higher than the county median home value of $463,600. The national median home value is $338,100. The average price of homes sold in Miami, FL is $524,600. Approximately 25.83% of Miami homes are owned, compared to 60.2% rented, while 13.97% are vacant. Miami real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Miami real estate agent to arrange a tour today!
Miami, Florida 33132 has a population of 440,807. Miami 33132 is less family-centric than the surrounding county with 25.08% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Miami, Florida 33132 is $47,860. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Miami 33132 is 39.9 years.
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 60.6 degrees. The average rainfall is approximately 59.3 inches per year, with 0 inches of snow per year.