We are pleased to present the opportunity to purchase 4505-4543 North Miami Ave, an assemblage featuring 21,400 SF of land on the corner of NW 45 Street and North Miami Ave in the heart of the rapidly changing Buena Vista neighborhood. The property is uniquely situated in an Opportunity Zone and features three existing buildings totaling more than 5,200 SF only a few blocks from the Design District. 4505 North Miami Ave currently has an active Certificate of Use for an approx. 2,000 SF building that is labeled as “General Commercial” with a classification for “market/grocery store of less than 10,000 SF”.
The property presents a variety of re-development options and is surrounded by various large-scale projects, including the Avenues Global School (site recently purchased for $60 million), the recently approved Magic City Innovation District, the Eastside Ridge Development, and the $200 million Miami Jewish Heath Systems redevelopment and expansion. These developments collectively represent more than 95 acres of new construction retail, hospitality, office, healthcare and residences, all within a few blocks of the subject property.
As the Buena Vista / Design District region goes through a transformation that will stimulate significant economic growth and opportunity, don’t miss this exclusive chance to own a piece of one of the most rapidly-changing neighborhoods in the world at a desirable price per square foot.
