Allapattah CDC Purchases Development Site In Miami From Jose Barrios For $3.3M

This development site, located at 3010, 3016 & 3028 Northwest 17th Avenue in the Miami market, has a total land area of 25,534 square feet. The property features a building with a square footage of 3,050 and was sold for $3,300,000, equating to approximately $129 per land square foot and $1,082 per building square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,300,000
• Land Square Footage: 25,534
• Price Per Land Square Foot: $129
• Building Square Footage: 3,050
• Price Per Building Square Foot: $1,082
• Buyer: Allapattah CDC
• Seller: Jose Barrios
• Buyer's Representative: Jonathan Eismann - Gridline Properties
• Seller's Representative: Jorge Jean - Doral Business Partners

The transaction involved key representatives in the real estate industry, with Jonathan Eismann from Gridline Properties representing the buyer and Jorge Jean from Doral Business Partners serving as the seller's representative. The collaboration between the brokers included a focus on transparency and professionalism throughout the complex sale process.