Buena Vista Area

RETAIL/ BUENA RESIDENTIAL VISTA PROJECT MIAMI, FLORIDA FOR SALE

All information has been secured from the seller/ Lyle Chariff Mauricio Zapata lessor and the accuracy thereof is not warranted President/Broker Principal/Broker @chariff @chariffrealty and therefore must be verified by the buyer/ [email protected] [email protected] lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to [email protected] age or square footage must be verified and is 305-576-7474 www.chariff.com not guaranteed. Buyer/lessee bears all risks. 4510 NE 2nd Ave PROPERTY OVERVIEW

The property consists in two reunified lots for Rendering For Illustration Purposes Only* redevelopment to create a premium retail and apartment space located at the corner of a four-way intersection at the entrance to the trendy Miami Design District.

The 3 story building will feature 9,700 sqft of prime retail and 12 luxury apartments on the second and third floors. This building is sure to standout in the marketplace thanks to its prime location, stunning modern Rendering For Illustration Purposes Only* architecture, and ample private underground parking for up to 45 cars, a rarity in the Design District and a first in the Buena Vista area. A zero setback waiver and a 10% lot coverage increase have been approved.

The development is permitted pending payment of Impact Fees and Permit Fees.

SALE PRICE EXISTING PROPERTY PERMITTED PROPERTY

TOTAL LOT SIZE CURRENT PROJECT DETAILS: $5,100,000 Retail: 9,700 SF +/- 16,800 SF +/- ZONING Residential Units (12): 15,962 SF +/- 4510 NE 2nd Ave: 11,200 SF +/- 191 NE 45th St: 5,600 SF +/- Underground Parking: 45 Spaces MIAMI 21/T4-L

Location! Location! Location!

Its ideal location (right at the entrance to the Miami Design District) guarantees this property to experience a high daily traffic count on NE 2nd Ave (approx. DESIGN DISTRICT 50,000+ daily traffic count). I-195 With similar projects happening nearby

BISCAYNE BLVD I-95 such as Buena Vista Lofts (a mixed use development) and microboutique EDGEWATER concepts at Upper Buena Vista, this ALLAPATTAH corridor is being revitalized, so now it is WYNWOOD the perfect time to own a piece of this.

Plus, you will enjoy immediate access to I-195, I-95 and all major expressways.

DOWNTOWN I-395

NE 2nd Ave

Centrally located, the Buena Vista Historic District is easily accessible from any point in the city whether traveling from the North, South, East or West. The site’s prime location enables visitors to quickly reach some of Miami’s hottest zones including Miami Beach, a world class tourist destination.

This property is located within an “Opportunity Zone” in the Miami-Dade County area, one of the 68 in this county, and joining another 427 zones in Florida. Created to facilitate economic development and devised to encourage growth of businesses in lower income areas.

OPPORTUNITY ZONES OFFER TAX-ADVANTAGED INVESTING [1] Benefits Timeline

2021 5-YEAR 7-YEAR 10-YEAR

Gains invested qualify for 10% Gains invested qualify for 15% Gains invested become tax-free Must invest by 2021 to reduction in the amount of capital reduction in the amount of capital (this does not include the original maximize tax benefits gains taxed gains taxed gain reinvested in the QOZ

[1] Please note that Chariff Realty Group is not a tax advisory-based firm and strongly recommends the consultation of a tax professional prior to a potential acquisition of this asset.

LYLE CHARIFF Broker/President [email protected]

MAURICIO ZAPATA Broker/Principal [email protected]

5801 BISCAYNE BOULEVARD 305-576-7474 @chariff MIAMI, FLORIDA 33137 305-576-7494 @chariffrealty www.chariff.com

All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.