4141 Miami AveMiami, FL 33127

This exceptional mixed-use property, located at 4141 N Miami Ave in Miami's Design District, offers 15,901 square feet of rentable space across three stories. Currently vacant, this bank-owned foreclosure presents a significant value-add opportunity. The 1961-built building sits on a 9,700 square foot lot and is zoned T4-O. Approved plans, designed by Shulman + Associates, exist for a complete interior and exterior renovation, estimated at approximately $4.3 million. These plans include the restoration of the building to a modern design and incorporate materials already purchased and stored on-site. The property benefits from high visibility from I-95, I-195, and N Miami Ave, and is situated in an Opportunity Zone, qualifying for Historic Tax Credits. Impact fees may apply for uses other than office space. The Design District's prime location, with its high concentration of luxury retail and escalating consumer demand, makes this a highly desirable investment. The property's ground level offers excellent retail exposure and entrance. This location provides a gateway into the Design District and Midtown Miami, ideal for a corporate headquarters or similar high-profile use. The property was last occupied on October 31, 2021. The building consists of one structure.