Lotus Endowment Fund Inc Acquires Development Site From Jorge Miller In Miami For $1.6M

Development Site located at 1453 Northwest 2nd Avenue in Miami was sold for $1,600,000. The asset spans 16,950 Sq Ft and sits in the City of Miami, facing the upcoming "Underdeck Park."

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $1,600,000
• Address: 1453 Northwest 2nd Avenue
• Market: Miami

Fabian Garcia Diaz and Silvina Disla of One Sotheby's International Realty played crucial roles in the deal, representing both the Buyer and Sellers. The sale involved 8 lots in Town Square, presenting a potential development opportunity with an added value of $94 per Sq Ft.