October 29, 2020

Billionaire investor bought an Overtown convenience store for $6.6M

| 12/16/2019

A billionaire investor bought a food market in Overtown, expanding his real estate portfolio in Miami.

Sarkis Izmirlian bought the convenience store at 295 NW 20th St. for $6.6 million on Thursday, according to the Real Deal. The one-story building spans 2,959 square feet. The prior owner, Tallahassee-based Florida Home Builders Association, purchased the building for $1.15 million in 2006, according to property records.

The sale is one of the highest price paid per square foot of a building in Overtown of comparable size. Izmirlian paid $2,230 per square foot for the retail center.

More from the Miami Herald.

Tags: Real Estate

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