Property 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 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.

Address Map
FL
Miami-Dade County
Miami
33132
139 NE 1st St
0
W81° 48' 32''
N25° 46' 32''
MLS Addon
28
: City Street
: Sale
: Office, Free Standing, Hotel, Hotel/motel
$90,162
6401

Commercial Sale For Sale

139 NE 1st St, Miami, Florida 33132

7,500 Sqft
$18,500,000
Listing ID #A11723637
Basic Details
Property Type : Commercial Sale
Property SubType : Hotel/motel
Listing Type : For Sale
Listing ID : A11723637
Price : $18,500,000
Year Built : 1927
Lot Area : 7,500 Sqft
Building Area : 43,265 Sqft
Status : Active
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