139 NE 1st St

$18,500,000

139 NE 1st St, Miami, FL 33132

For Sale

Hotel Extended Stay

Active

Last Updated: 04/03/2025

Details:

Building Size: 43,265 sqft

Year Built: 1927

Offered by Realtor

Alexandra Sierra

Compass Florida, LLC

#3184474

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Andres Perez Cervera

Broker

Real Estate Sales Force

#3254314

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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.