Investment Available
Purchase Price
$13,000,000
Rehab Budget
$5,500,000
Stabilized Value
$31,000,000
Stage
Active
Property Description
Design Building in Miami's famed Design District. This free standing 3-story building, featuring 16,000 SF of rentable area, sits in an Opportunity Zone and on one of the most prominent sites in Miami, and qualifies for $1.2M in Historic Tax Credits. With visibility from I-95, I-195, and N Miami Ave, it enjoys almost triple the daily traffic count of the Design District's eastern boundary at NE 1st Avenue.
The existing building has been protected from complete demolition by the Miami Historic and Environmental Preservation Board, and is in need of a complete renovation. The current owner did all of the hard work by fully completing the modern redesign, and the plans and permits approval process with the Preservation Board, making this project ready to begin immediately. Renderings and plans provided by award winning Shulman + Associates architecture firm with renowned construction firm McKenzie tapped as the builder.
Property Location
4141 N Miami Ave, Miami, FL 33127, USA
Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Metz Kelly Holdings nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. The opportunities within these pages or documents do NOT constitute offers to sell securities or stock, or solicitations of offers to buy securities or stock. Prospective partners should consult with a tax or legal adviser before making any investment decision.