Edward Abbo Of The Apollo Companies Acquires Development Site In Dania Beach For $3M

A development site comprising 0.52 acres located at 46 Southeast 1st Avenue in Dania Beach was sold for $3,000,000. The property includes a total of 22,498 square feet, translating to a price per square foot of $133. Future plans for the site involve constructing a 12-story multifamily tower with 102 units, along with a 36,690 square foot gym and 2,725 square feet allocated for ground-floor retail.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Buyer: Edward Abbo - The Apollo Companies
• Seller: Dianne Doolity
• Square Footage: 22,498 SF
• Price Per Square Foot: $133
• Market: Dania Beach
• Acreage: 0.52

Edward Abbo represented The Apollo Companies in this transaction, while Dianne Doolity was the seller. This sale marks a significant move for the buyer, who has plans to develop the site into a multifamily residential tower, enhancing the market landscape in Dania Beach.