Price Reduced 24.32%

$14,000,000

Est. Mortgage $70,792/mo *

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Price History

$18,500,000
4/1/2025

$14,000,000
4/28/2025

139 NE 1st St, Miami, FL, 33132

139 NE 1st St, Miami, FL, 33132
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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.

Status:

Active

Type:

Lot / Acreage

Zoning:

6401

Subdivision:

MIAMI NORTH

Acreage:

0.16

Est. Taxes:

$93,196

Utilities

None

Lot Description:

<1 Acre

Days on Market:

27

MLS #:

A11776399

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Compass Florida, LLC Phone: 305-851-2820