139 NE 1st St, Miami FL 33132

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$18,500,000

139 NE 1st St, Miami, FL 33132

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1927

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Miami-Dade
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

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MLS number: A11723637

Listing agent: Alexandra Sierra #3184474

Listing broker: Compass Florida Llc (305) 851-2820

Copyright © 2025 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, February 21 2025 at 4:35 p.m. EST

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