For Sale
139 1st St, Miami, Florida 33132
$18,500,000
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.
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Details
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Property Type: Commercial
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Property SubType: Hotel/motel
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Listing Type: For Sale
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Listing ID: A11775461
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Price: $18,500,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1927
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Status: Active
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Original Property Type: Commercial Sale
Features
Location
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Country US
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State FL
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County Miami-Dade
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City Miami
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Zipcode 33132
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Neighborhood: Miami
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Street: 1st St
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Street Number: 139
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Floor Number: 0
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Longitude: W81° 51' 26.6''
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Latitude: N26° 7' 23.9''
Additional Info
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11775461
