Price: $18,500,000
MLS Number: A11723637
 Commercial / Investment
139 NE 1st St, Miami, Florida 33132 USA
 Lot Square Feet: 7,500
 
 HOA Fees: 
 
 Year Built: 1927
 Lot Dimensions: 7500
 
About this Property
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 approved plans, demolition permits, and a 7-story steel structure, saving $5M–$10M in costs and cutting 6–12 months off development. 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 for a pre-negotiated Flag Hotel Operator lease once developed, providing a turnkey, corporate-backed asset with substantial upside.

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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Compass Florida, LLC.
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