The Commercial Real Estate Property at 165 NE 56 St, Miami, FL 33137 Sold On October 22, 2021

This is a news story only, not a listing.

It has been officially reported that the property located at 165 NE 56 St in Miami within zip code 33137 and with the folio number 01-1130-065-2690 sold on October 22, 2021. The sale type was recorded as "Qual on DOS, multi-parcel sale." Sales 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 October 22, 2021 and with an amount of $1,425,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 165 NE 56 St property sale one should consider other properties within its zip code 33137, 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 33137 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33137 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 33137 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 165 NE 56 St property in Miami within the zip code 33137 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 2,144 adjusted square feet of building that was built in 1952 showing an effective year built (also) of 1952. This 2,144 square footage (adjusted) of building put it in the 0 to 2,500 square feet range. Having a lot size of 7,000 square feet, one would perhaps put it in the 5,000 to 10,000 square feet range as far as lot size. 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 0803 - MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS. 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. Also, commercial properties have been listed for sale near this one, including 100 NE 54th St, 100-118 NE 21st St, 101 NE 20th St, 120-112-100 NE 23rd St, 125 NE 24th St, 125 NE 55th St, 130 NE 24th St, 138 NE 24th St, 153 NE 23rd St, 175 NE 36th St, 215 NE 25th St, 236 NE 58th Ter, 2600 & 2626 NE 2nd Ave, 2955 NE 7th Ave, 3470 E Coast Ave # 10, 380 NE 32 ST, 3886 Biscayne Blvd, 4770 Biscayne Blvd, 501 NE 31st St # 1, 501 NE 31st St # 6, 5220 Biscayne, 5501 Biscayne Blvd, 5830 NE 2nd Ave, 90 NE 54th St, and others.