Azad Ali Purchases Development Site At 1305 Northwest 79th Street For $1M With Mauricio Fernandez Piqueras As The Broker

The development site located at 1305 Northwest 79th Street in Miami has been sold for $1,000,000. The property encompasses a total square footage of 3,149 and holds a price per square foot of $317. This property is situated in an Opportunity Zone and boasts UC CENTER - MIXED USE CORRIDOR (MCS) zoning, allowing for a diverse range of business opportunities, including car dealerships, mechanic shops, tire shops, and restaurants. The parcel has a lot size of 7,000 square feet and the building has been leased for $8,000 per month under a NNN lease, with a leased building size of approximately 1,200 square feet.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,000,000
• Buyer: Azad Ali
• Seller: Gaby Egusquiza & Francisco Pujol
• Broker: Mauricio Fernandez Piqueras - La Premiere Realty
• Square Footage: 3,149
• Price per Square Foot: $317
• Lot Size: 7,000
• Leased Amount: $8,000 per month
• Leased Building Size: 1,200 sqft +/-

Mauricio Fernandez Piqueras of La Premiere Realty represented both the buyer, Azad Ali, and the sellers, Gaby Egusquiza and Francisco Pujol, in this transaction. The property had considerable potential for development, highlighted by the existing Certificate of Use which accommodates various business activities. The broker's involvement was instrumental in facilitating this transaction.