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$14,000,000
Est. payment /mo
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Miami North
MLS Listing ID A11776399
HOA Y/N No
Annual Tax Amount $93,196
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x150
Property 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.
Location
State FL
County Miami-dade
Community Miami North
Area 41
Exterior
Utilities Available None
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Tax ID 01-01-10-040-1100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11776399
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Listed by Compass Florida, LLC