North Miami M-1 Industrial Site, Just Sold for $6.1M

Just Sold! Off-market, $6,100,000 for 2.11 Acres of land in North Miami. The property is zoned M-1 Industrial, but lies within the North Miami Transit Station Overlay District, providing the option to build Industrial, Residential, Retail, Office, Mixed-Use, or Hotel. 
Seller represented by Juan Sotolongo and Jesse Spencer of J+ Group Compass | Commercial. 
Buyer represented by John Sasso of The Upside Property Advisors at Charles Rutenberg Realty and Andrew Nabutovskiy of SIR Realty.
There have been many new major developments in the North Miami area, some considering this the next big boom for the area. With projects such as the 184-Acre Solé Mia project and several other notable developments. Located within the North Miami Transit Overlay Station District and in the proximity of the planned expansion of railway infrastructure, North Miami provides a highly attractive investment opportunity.

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