The Museum Site : Design District | Development Site
Description
Metro 1 is proud to introduce the opportunity to acquire the Museum Site located in the burgeoning Miami’s Design District at 10-20 NE 41 St (“The Property”).
This 11,047 SF site is zoned T5-O and allows a variety of uses including, retail, office, hotel and multifamily.
The Property is ripe to be redeveloped into a 30,000 SF – 50,000 SF mixed use development, depending on the parking strategy.
Given the size of the project, a flagship development will attract showroom, retail,
and office users seeking the prestige of a Design District address as well as a prominent façade to call their own.
Located next to the Museum Garage, The Institute of Contemporary Art, and the De La Cruz Collection,
this highly leasable property enjoys a prestigious roster of co-tenants,
a walkable presence, as well as convenient access to more than 800 parking spaces.
HIGHLIGHTS
- Located in an Opportunity Zone Which Allows for The Deferral or Elimination of Capital Gain Taxes
- Located Less Than 100 Feet From the New 800 Space Museum Garage
- Site is Located on a Pedestrian Friendly Street as Well as Being Visible to Vehicular Traffic on N Miami Ave
Address
Overview
- Property ID 6462
- Price $16,000,000
- Property Type Development opportunities
- Property status For sale
- Size 6,916 SqFt
- Zoning T5-O
- Lot Area 11,047 sqft
- Development Type Mixed Use
- Buildable Area 49,656 sqft