Overview

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  • Status: Active
  • Parking No info
  • Size: No info
  • Price Per: No info/No info
  • Type: Hotel Motel
  • Built: 1927
  • HOA: No info
  • MLS Number: A11723637
  • View No info
  • On Site: 40 days
  • Updated: 12 Days Ago
  • Page Views: 4

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.

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Price History

DateEventPriceChange RatePrice Per
01/13/2025Listed$18,500,000.00$427.60 ft2/$4,602.62 m2

Features

Property Details for 139 NE 1st St, Miami, FL 33132

Hotel Motel current status is Active, 139 NE 1st St is a Hotel Motel in , Miami, FL 33132 with property MLS ID# A11723637. This Hotel Motel has been listed on Best of Luxury Realty since January 13, 2025 and is currently priced at 18,500,000. This property was built in 1927.
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Area Specialist

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Tracey Schmitt
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Email: tracey@bestofluxuryrealty.com
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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This property is courtesy of the Compass Florida, LLC. This listing has been viewed 4 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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