Sources have Reported that the Commercial Real Estate with the Address of 702 SW 1 St, Miami, FL 33130 Sold on September 22, 2017

This is a news story only, not a listing.

It has been officially reported that the property located at 702 SW 1 St in Miami within zip code 33130 and with the folio number 01-2010-050-1010 sold on September 22, 2017. The sale type was recorded as "Qual on DOS, multi-parcel sale." Selling prices that have been recorded with the property appraiser frequently do not represent the whole story; thus full transaction details should be confirmed with the parties. In particular for this commercial property sale, since this is noted by the county as a multi-parcel sale, it is likely that the price reported as paid is for more than just this one folio. 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 September 22, 2017 and with an amount of $3,300,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 702 SW 1 St property sale one should consider other properties within its zip code 33130, 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 33130 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33130 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 33130 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 702 SW 1 St property in Miami within the zip code 33130 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 283,916 adjusted square feet of building that was built in 2021 showing an effective year built (also) of 2021. This 283,916 adjusted square footage of building puts it in the 250,000 to 300,000 square feet range. Having 63,366 square feet of lot, one would generally place it in a 50,000 to 75,000 square feet (lot size) range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 6110 - COMM/RESIDENTIAL-DESIGN D with a land use of 1229 - MIXED USE-STORE/RESIDENTIAL : MIXED USE - COMMERCIAL. This Miami-Dade reference for zoning is believed to translate into T6-12 O zoning in Miami, Florida, information about which may be found here. Any such (T6-12 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. Also, commercial properties have been listed for sale near this one, including 1017 SW 9th St, 1044 W Flagler St, 1050 SW 7th St, 175 SW 7th St # 1214, 175 SW 7th St # 1511, 175 SW 7th St # 1603, 175 SW 7th St # 1712, 175 SW 7th St # 1906, 175 SW 7th St # 2204, 301 SW 8th St, 367 SW 11th St, 40 SW 13th St # 701, 40 SW 8th Ave, 412 NW 4th St, 427 SW 4th Ave, 458 SW 9th St, 512 SW 6th Ave, 542 SW 7th St, 550 SW 10th St, 637 W Flagler St, 727 W Flagler St, 745 SW 3 Street, 75 SW 11th St, 750 SW 2 St, 817 SW 8th St, 850 SW 2, 901/922/939/955/965 & 922 SW 8th St, 931 SW 4th St, 939/955/965 SW 8th St, 967 SW 5th St, and others.