139 1st St ,Hotel for Sale & Rent

139 1st St for Sale & Rent

Price $18,500,000.00

• Lot size 43265
• Year Build 1927
• Waterfront
• Zip 33132
• Style
• Parking Description
• Pool Yes
• Status Active

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.

Call Andres Perez-Cervera for more detailed info.

MIAMI NORTH PB B-41 E1/2 OF LOT 15 & W1/2 OF LOT 16 BLK 104 LOT SIZE 50.000 X 150 OR 21131-3691 0303 1

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.

City:Miami,Zoning:6401,List A O R:A-Miami Association of REALTORS,Latitude:25.7755498,List Price:18500000,Listing Id:A11775461,Longitude:-80.1911244,Mls Status:Active,Year Built:1927,Postal Code:33132,Street Name:1st St,Coordinates:1:25.7755498,Photos Count:25,Days On Market:1,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2025-04-01,Parcel Number:01-01-10-040-1100,Property Type:Commercial Sale,Street Number:139,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Compass Florida, LLC,Private Remarks:Call Andres Perez-Cervera for more detailed info.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2527,Property Sub Type:Hotel/Motel,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:93196,Unparsed Address:139 NE 1st St, Miami FL 33132,Listing Agreement:Exclusive Right To Sell,Building Area Total:43265,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:18500000,Public Survey Range:1,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2025-04-01,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:Call Listing Agent,Street Number Numeric:139,Tax Legal Description:MIAMI NORTH PB B-41 E1/2 OF LOT 15 & W1/2 OF LOT 16 BLK 104 LOT SIZE 50.000 X 150 OR 21131-3691 0303 1,Public Survey Township:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Shovel-ready hotel development with rare cost saving advantages in Downtown Miami, steps from Miami Worldcenter,Brightline and major corporate hub,Contract Status Change Date:2025-04-01,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,