The Porosoff Group of Compass Commercial is proud to present The 4141 Design Building located at 4141 N Miami Ave in Miami’s famed Design District. This free standing 3-story building, with 16,000 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 $1.2 million in Historic Tax Credits based on the costs of construction. 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 with plans, permits, and all soft costs already approved. 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.
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 Florida has lifted most of its lock-down restrictions.
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