139 NE 1st St, 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 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.

This hotel/motel home located at 139 NE 1st St, Miami FL 33132 is currently for sale and has been available on Brickellsold for 28 days. This property is listed at $19M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1927. 139 NE 1st St, Miami FL 33132 is in Miami county Miami-Dade County.