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139 NE 1st St, Miami FL 33132,Miami,Miami-Dade County,Commercial Sale

$18,500,000

Commercial Sale Active

139 NE 1st St, Miami FL 33132

WhatsApp Pinterest Facebook Twitter Linkedin Email

Commercial Sale Active

139 NE 1st St, Miami FL 33132,Miami,Miami-Dade County,Commercial Sale

139 NE 1st St, Miami FL 33132

$18,500,000

Overview

Hotel/Motel
Property Type

1927
Year Built

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.

Address

Open on Google Maps

Address 1st St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33132

Details

Updated on April 25, 2025 at 3:38 pm

Property ID: A11775461
Price: $18,500,000
Year Built: 1927
Property Type: Hotel/Motel
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NE
PublicSurveyRange: 1
ShowingInstructions: Call Listing Agent
CoListAgentDirectPhone: 305-450-9133
ListAgentKey: c4023155ab79a4dcd6d5c2183697211c
TaxLegalDescription: 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
OnMarketDate: 2025-04-01
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2025-04-01
MajorChangeTimestamp: 2025-04-02T12:07:29.657Z
PhotosCount: 25
StatusChangeTimestamp: 2025-04-02T12:07:29.657Z
CoListOfficeName: Compass Florida, LLC.
PriceChangeTimestamp: 2025-04-02T12:02:53.963Z
ListingKeyNumeric: 409445534
MajorChangeType: New
ListingContractDate: 2025-04-01
CoListOfficeKey: edf0cac50a3e024c5c9a81114a365db7
Zoning: 6401
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 93196
ListOfficeName: Compass Florida, LLC
OriginatingSystemKey: miamire
BusinessType: Hotel/Motel
PhotosChangeTimestamp: 2025-04-02T12:11:24.525Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-851-2820
MlsStatus: Active
StreetNumber: 139
CoListOfficeMlsId: COMP11
ListingKey: fe8bad446d9cfd05fdf763f950267264
StateOrProvince: FL
ShowingContactType: Agent
CoListAgentEmail: [email protected]
ListOfficeKey: 496e85c173f46d8cf6f3871d74fb422f
BridgeModificationTimestamp: 2025-04-25T14:56:52.813Z
ListAgentFullName: Alexandra Sierra
ListAgentOfficePhone: 305-851-2820
ParcelNumber: 01-01-10-040-1100
OtherExpense: 0
CoListAgentOfficePhone: 305-851-2820
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3184474
ModificationTimestamp: 2025-04-25T14:54:36.403Z
OriginatingSystemID: miamire
DaysOnMarket: 24
ListOfficeMlsId: COMP03
ListAgentDirectPhone: 305-281-0175
CoListAgentFullName: Andres Perez-Cervera
CoListAgentKey: 13bf5510b2da7437e1fffefb793ac8dc
StreetNumberNumeric: 139
CoListAgentStateLicense: 3254314
PostalCodePlus4: 2527
NumberOfUnitsInCommunity: 0
SyndicationRemarks: 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.
StructureType: Hotel
ListAgentStateLicense: 3184474
CoListAgentMlsId: 3254314
PublicSurveyTownship: 1
StreetName: 1st St
ListOfficeFax: 786-347-5469
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 10
SpecialListingConditions: Sale
OriginalListPrice: 18500000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
OriginalEntryTimestamp: 2025-04-02T12:07:29.657Z
SourceSystemKey: 409445534
LotSizeSquareFeet: 7500
InternetConsumerCommentYN: 1
CoListOfficePhone: 305-851-2820
BuildingAreaTotal: 43265