The Commercial Real Estate with an Address of 118 SW S River Dr, Miami, FL 33130 Sold On April 13, 2015

This is a news story only, not a listing.

It has been officially reported that the property located at 118 SW S River Dr in Miami within zip code 33130 and with the folio number 01-2010-080-1020 sold on April 13, 2015. The sale type was recorded as "Transfer where the sale price is verified to be part of a package or bulk 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. 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 April 13, 2015 and with an amount of $7,500,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 118 SW S River Dr 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 118 SW S River Dr property in Miami within the zip code 33130 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 15,040 adjusted square feet of building that was built in 1922 showing an effective year built of 1958. The property having 15,040 square feet of building adjusted squarefeet places it in the 15,000 to 20,000 square feet range. Possessing 29,116 square feet, one might set it in the 20,000 to 30,000 square feet lot size range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 3900 - MULTI-FAMILY - 38-62 U/A with a land use of 3922 - HOTEL OR MOTEL : MOTEL. This Miami-Dade reference for zoning is believed to translate into T4 R zoning in Miami, Florida, information about which may be found here. Any such (T4 R 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 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, 820 SW 8th Ct, 825 SW 8th Ct, 830 SW 8th Ct, 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.