FL > Miami
Miami, FL 33132,139 NE 1st St
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Miami, FL 33132,139 NE 1st St
Miami, FL 33132,139 NE 1st St
Miami, FL 33132,139 NE 1st St
Miami, FL 33132,139 NE 1st St
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 14,000,000
Est. payment /mo
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Price Dropped by $4.5M

139 NE 1st St Miami, FL 33132

43,265 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 43,265 sqft

Price per Sqft $323

MLS Listing ID A11775461

HOA Y/N No

Year Built 1927

Annual Tax Amount $93,196

Lot Size 7,500 Sqft

Property Sub-Type Hotel/Motel

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 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.

Location

State FL

County Miami-dade

Area 41

Exterior

Private Pool Yes

Others

Tax ID 01-01-10-040-1100

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11775461

Listed by Compass Florida, LLC
agent

Alex Mendel

Agent

+1(561) 827-8449

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139 NE 1st St

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