4141 N MIAMI AVE Miami FL 33127-2848

BANK OWNED - The Porosoff Group of Compass Commercial presents The 4141 Design Building located at 4141 N Miami Ave in Miami’s famed Design District. This free standing 3-story building, with 15,901 SF of the rentable area sits on a 9,700 SF lot located in an Opportunity Zone in one of the most prominent districts of Miami. The property also qualifies for Historic Tax Credits. With visibility from I-95, I-195, and N Miami Ave.

The existing building is in the process of a complete renovation approved by the Miami Historic Preservation Board. The current owner has prepared a modern design for the building A buyer would need to pay impact fees for any uses other than the office. The renderings and plans were provided by the award-winning Shulman + Associates architecture firm. Renowned construction firm McKenzie was tapped as the builder. This fully approved project includes a complete interior and exterior renovation of approximately $4.3 million to restore as per the rendering and approved plans.

This property presents an ideal location for a corporate headquarters with prime positioning as a gateway site into the Design District and Midtown Miami.

Location Overview

The Miami Design District is a hotbed of escalating consumer demand for high-end fashion goods. The district is home to more than 120 flagship stores like Balenciaga, Hermes, Fendi, Dior, Cartier, Louis Vuitton, Tesla and more making it one of the world’s greatest shopping districts. The Design District is home to unique and award-winning architectural design which includes the nearby Museum Garage. Spanning 18 blocks, just north of I-195 and Midtown Miami, this exciting shopping district is filled with luxury fashion, galleries, public art, and trendy restaurants. The Design District has benefited from exponential foot traffic and sales growth over the past 12 months since

• Shulman Design –

o Rebeca Stanier-Shulman [email protected] 305-804-8876 (cel)

o They designed and approved the project you have the renders with the Miami Historical Board (approx. 2017-18)

o They confirmed the permit expired and contacted Ethan Wasserman from Greenberg Traurig (Zoning Attorney) to find out if it can be reactivated or if it needs to start from zero.

• Golden Glow Private Provider -

o Veronica Henriques [email protected] 305-904-8314 (cel)

o They worked on approving the project and informed me the project never had a full renovation permit, but only a demo and minor remodeling. They confirmed the permit is expired.

• Mckenzie Construction -

o Tim Funke [email protected] 786-412-7341 (o)

o They pulled the permit and after the owner stopped the construction, they hired an attorney to ask the city to get their names out of the permit. They confirmed the permit has been expired.

o They had a budget from 18 months ago where the total cost of the demo and renovation would cost $6,5M. Curtain wall was the most exp item.

• Esteban Architecture & Planning -

o Jorge Esteban [email protected] 786-556-9184 (cel)

o Architect that approved the project. Confirmed the permit has been expired and doesn’t know anything else.

• 15,901 Rentable Square Feet - Three Stories

• Ground level retail exposure and enterance

• Historic Tax Credits

• Opportunity Zone

• Gateway Location

• Construction materials included and held in storage (Elevator, etc.)

• Centner Academy recently developed across the street