139 NE 1st St
Miami, FL 33132
$18,500,000
Active
25+
$18,500,000
Active
Bedrooms
Bathrooms
N/A
Half Baths
Size Sq. Ft.
6
DOM
139 NE 1st St
Miami, FL 33132
Beds, Baths, Hotel Motel Sq.Ft.
Shovel-ready hotel development with rare cost saving advantages in Downtown Miami, steps from Miami Worldcenter,Brightline and major corporate hubs. This fully entitled 163 room, 17 story project includes plans, and demolition permits. The site qualifies for a 10 year AD VALOREM tax Exemption and an estimated $8.74M in HTC benefits, creating major Financial incentives. Located in one of Miamis Strongest hospitality markets, this prime investment opportunity offers luxury hotel plans with a rooftop pool and the option of a pre-negotiated Flag operator lease once developed, providing a turnkey, corporate-backed asset with substantial upside.
Listing Summary
- Address 139 NE 1st St
- City Miami
- County Miami-Dade
- Zip 33132
- Price $18,500,000
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # A11775461
- Property Type Commercial Sale
- Property Sub TypeHotel Motel
- Status Active
- Square Feet
- Year Built 1927
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $93,196
- Tax Year
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A11775461) is provided courtesy of (Compass Florida, LLC). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 04-24-2025. IDX powered by Realty Net Media