139 NE 1st St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33132
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