Dade-Commonwealth Building 139
🌆 **Unlock Miami's Legacy: The Dade-Commonwealth Building Awaits Your Vision**
Marketing description
Explore an unparalleled opportunity at the heart of Downtown Miami – the illustrious "Dade-Commonwealth Building." Standing as a historic masterpiece since 1927, this iconic gem seamlessly combines its rich heritage with the promise of a prosperous future, making it an irresistible canvas.
EXCLUSIVE OFF-MARKET | DOWNTOWN MIAMI
Freestanding 7-story historic building with two powerful exit strategies in one asset.
139 NE 1st Street – Dade-Commonwealth Building
±43,265 SF | 7,505 SF site | T6-80-O zoning | ~$20M range
Fully approved and shovel-ready for a 17-story, 163-key boutique hotel (façade preserved) or reposition the existing structure into a boutique hotel, creative office, or mixed-use asset with significantly lower capex.
In-place Historic Preservation Board + City demolition permits. Pending master construction drawings. 20% Federal Historic Tax Credit + Ad Valorem exemption. Excess TDR/TDD potential.
Prime core location: 400 ft to Metromover, steps to Bayfront Park, Kaseya Center & Brickell.
Limited new supply + strong 2026 hotel & mixed-use fundamentals = exceptional upside.
DM 772.913.5401 “INTERESTED – 139 NE 1st” for the full package + renders.
Investment highlights
Key Highlights:
🏛️ A Legacy Reimagined: Immerse yourself in the charm of a bygone era while envisioning the limitless potential of a 7-story architectural marvel. With each floor spanning 6,000 square feet of versatile office space, the possibilities are as expansive as your imagination.
🏛️ Revitalize to Elevate: Imbue the common areas with new life and splendor. From the grand lobby to the elevator landings, stairs, and upscale upstairs bathrooms, your touch will rejuvenate these spaces into havens of elegance and functionality.
🏛️ **Fusion of Commerce and Culture:** Experience the best of both worlds with a property that effortlessly blends a bustling retail level with six thoughtfully designed office levels. This mixed-use marvel is poised to redefine Downtown Miami's landscape.
🏛️ **Limitless Creative Latitude:** Zoned as mixed-use, the Dade-Commonwealth Building beckons innovation. Whether you envision a cutting-edge hotel development or a dynamic business hub, this canvas is ready to transform your boldest aspirations into reality.
**Investment Advantages:**
📈 **Preservation and Progress:** Secure rare approvals from the Historic Preservation Board and the City of Miami, setting the stage for a visionary transformation. With demolition approvals already in place, the path is clear for a groundbreaking 17-story, 163-key hotel project that redefines luxury and hospitality. Consider a complete renovation of the existing 7 stories – an investment strategy executed at significantly lower cost and timeframe.
📈 **Historic Charm, Modern Benefits:** Enjoy the exclusive Ad Valorem Tax Exemption for Historic Properties, elevating the value of your investment journey. Additionally, the Federal Historic Rehabilitation Tax Credit honors your commitment to preserving history while embracing innovation.
📈 **An Urban Oasis:** Zoned as T6-80-O, the potential for development knows no bounds. Seamlessly blend your vision with Miami's dynamic urban landscape and create an enclave that resonates with the city's spirit.
Unveil the potential of the Dade-Commonwealth Building – an address that encapsulates Miami's essence, redefines history, and invites you to script its vibrant future. Seize the moment and become a part of an iconic transformation that bridges the past and the limitless horizon. Connect with us today to seize this extraordinary opportunity.
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