OPPORTUNITY ZONE BUENA DEVELOPMENT VISTA OPPORTUNITY MIAMI, FLORIDA FOR SALE NE 2ND AVE NE 50TH ST 4920 NE 2ND AVE PROPERTY OVERVIEW • Prime corner lot EDGEWATER MIDTOWN DESIGN DISTRICT • Located in an Opportunity Zone • Ideal for savvy investor • The subject property includes 4 adjacent lots (4920 NE 2nd Ave, 4930 NE 2nd Ave, 4940 NE 2nd Ave, and 180 NE 50th st NE 2ND AVE • Located on NE 2nd Ave which sees an approximately 50,000+ daily traffic count • Opportunity to develop into Mixed use developments, retail, or other commercial uses • Within blocks from Wynwood, Miami Design District, Midtown, Downtown Miami, and more • Convenient access to I-195 and I- 395 • Minutes from Miami Int’l Airport and the beaches TOTAL LOT SIZE SALE PRICE ZONING +/- 25,437 SF $3,750,000 T-4L, T4-R 4920 NE 2ND AVE OPPORTUNITY ZONE MAP OPPORTUNITY ZONE 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 provide new investment opportunities for some of Miami’s economically distressed areas, and this means more consideration will be given to investing and creating jobs in areas of Miami where they are needed most. The concept behind Opportunity Zones is that the longer the investment is held, the lighter the tax burden. 4920 NE 2ND AVE ABOUT THE AREA This Miami neighborhood has a unique heritage that originated over a century ago, but its chariasma is ageless. Lush tropical foliage provides a cozy canopy for quiet strolls amidst home-grown boutiques, locally-owned cafes, and a quirky blend of vintage Crafstan, Mediterranean, and Art Deco homes. It’s no wonder much of this neighborhood is within the kindly confines of an official historic district—Buena Vista nurtures an aura worth preserving. UPPER BUENA VISTA MIAMI JEWISH HEALTH AVENUES: THE WORLD SYSTEM SCHOOL The Historic neighborhood of The Miami Jewish Health Systems Avenues: The World School, which Buena Vista has recently been has been approved to break opened in Manhattan in 2012 experiencing a boom as an ground on Buena Vista campus. promising to become “architects of emerging commercial district The four-phase project will feature lives that transcend the ordinary,” in Miami. One of the latest a five-story, 140-key hotel and will now have a Miami location on projects, Upper Buena Vista, aims conference center, and for this to bring about a 500 SF unique the site of the former Archbishop reason the non-profit needed microboutique and 250 SF Curley-Notre Dame High School. to rezone the property from “petite boutiques” with a minimalist “low-density multifamily residential” and tranquil design that is set to pave the way for future retail to “major institutional public standards around the area. facilities” 4920 NE 2ND AVE SURROUNDING AREAS MIAMI BEACH MIAMI INT’L AIRPORT +/- 15 MINS +/- 15 MINS DOWNTOWN MIAMI /BRICKELL WYNWOOD EDGEWATER MIDTOWN I-195 EXPRESSWAY DESIGN DISTRICT S SUBJECT PROPERTY E W 4670 NE 2ND AVE N NE 2ND AVE DESIGN DISTRICT WYNWOOD MIDTOWN DOWNTOWN MIAMI The Design District is a thriving The Wynwood Art District is an Midtown is a thriving residential Downtown Miami is Miami’s neighborhood in Miami that emerging neighborhood with and retail community built bustling epicenter, packed with continues to expand as a fashion a multitude of vacant industrial around the synergy mimicking gleaming skyscrapers, sweeping bay views, and hidden places center and is now home to luxurious buildings. In the last couple New York’s SOHO community to explore. It’s a neighborhood brands such as Louis Vuitton, of decades the local arts scene of layers—decades of history Prada, Christian Louboutin, has been dominated by local With the Design District focused overlapping and colliding; tourism Chanel, Givenchy, Valentino, street artists and muralists who on securing luxury retailers, Midtown destinations like Port of Miami etc. It also houses the Miami have repurposed old warehouse has become a hub for big box alongside local favorites like Institute Of Contemporary Arts buildings into lofts, restaurants, retailers, you’ll definitely want a American Airlines Arena, home to the Miami Heat; century-old (ICA), as well as the artistic galleries, and event spaces. spot here. buildings among new pockets Museum Garage. of young residents who call the neighborhood home. 4920 NE 2ND AVE NE 2ND AVE NE 2ND AVE 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..