The Commercial Property with an Address of 128 NW S River Dr, Miami, FL 33128 has New Ownership as of February 03, 2016

This is a news story only, not a listing.

It has been officially reported that the property located at 128 NW S River Dr in Miami within zip code 33128 and with the folio number 01-2000-050-1010 sold on February 03, 2016. The sale type was recorded as "Forced sale; under duress; foreclosure prevention." Selling prices of properties as recorded at the property appraiser frequently do not represent the whole story; thus full transaction details should be confirmed with the parties. Specific information about the buyer and seller in this transaction may be found by navigating to our property appraiser links for this property, clicking through on the link to "Main Page with Lot Outline, Aerial Views," then clicking through on the applicable sale on the date February 03, 2016 and with an amount of $4,220,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 128 NW S River Dr property sale one should consider other properties within its zip code 33128, some of which are currently for sale in this same zip code, as well as off-market listings in the area. Information on prior sales of area properties as well as current listings can be useful to gauge area pricing, but are not perfectly reliable. Current zip code 33128 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33128 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for Miami, the South Florida city in which the property is located, may also be worth reviewing.

Commercial properties that are currently listed in zip code 33128 can also give a representation of current market value, although it should be noted that actual selling prices are a better indicator as an asking price for any property is only that, an asking price. It can also prove insightful to view other commercial property holdings of and other information related to the property's recent ownership . Finally, a review of nearby businesses and resources and area traffic levels can be insightful, allowing the prospective buyer to quickly get a feel for area commerce and resources.

A birdseye view of the property is displayed above and a street map of the location is below. Additional information on this property, including other sales transactions amounts and links directly to pages for this property at the Miami-Dade County Property Appraiser website, can be found at this site's information page for this property. Note that the above birdseye aerial view and map herein were generated using the address recorded with the county property appraiser for the folio entered for this listing and that they are provided on a best efforts basis only and are not guaranteed.

Update: This 128 NW S River Dr property in Miami within the zip code 33128 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 0 adjusted square feet of building that was built in an unknown (not recorded) year showing an effective year built (also) of an unknown (not recorded) year. Possessing 11,700 square feet, one might set it in the 10,000 to 20,000 square feet lot size range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 6100 - COMMERCIAL - NEIGHBORHOOD with a land use of 1081 - VACANT LAND - COMMERCIAL : VACANT LAND. This Miami-Dade reference for zoning is believed to translate into T6-8 O zoning in Miami, Florida, information about which may be found here. Any such (T6-8 O zoned properties) in may be found here. Note that since this was reported subsequent to the sale, it is possible these were different at the time of the sale. Further, other commercial properties are now offered for purchase near this one, including those with the addresses 1137 NW 2nd St, 242 NW 12th Ave, 26 SW South River Dr, 337 NW 11 AVE, and others.