$18,500,000 $99,312 est/mo Sourced by Back At You
139 NE 1st St,Miami, FL 33132
Miami, FL 33132
Description
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 Miami's 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.
Details
| MLS# | A11776399 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 20 |
| Listing Provided By | Compass Florida, LLC | Alexandra Sierra |
Features
| Zoning | 6401 |
|---|---|
| Acreage | 0.16 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33132 |
| Area | 41 |
| Community Name | MIAMI NORTH |
| Listing VS Median (in MIAMI NORTH) | |
Price: $18,500,000 low | high Med: $5,725 On site: 20 low | high Med: 36.000000 | |
Listing Updated: April 24, 2025 at 1:45:52 PM PDT