Reliable Sources have Recorded that the Commercial Real Estate at the Address 1261 NW 59 St, Miami, FL 33142 was Traded on October 16, 2020

This is a news story only, not a listing.

It has been officially reported that the property located at 1261 NW 59 St in Miami within zip code 33142 and with the folio number 01-1140-043-1130 sold on October 16, 2020. The sale type was recorded as "Not exposed to open-market; atypical motivation." 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 October 16, 2020 and with an amount of $1,650,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 1261 NW 59 St property sale one should consider other properties within its zip code 33142, 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 33142 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33142 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 33142 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 1261 NW 59 St property in Miami within the zip code 33142 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 9,454 adjusted square feet of building that was built in 1957 showing an effective year built (also) of 1957. This 9,454 square footage (adjusted) of building put it in the 7,500 to 10,000 square feet range. Possessing 10,600 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 3901 - GENERAL URBAN 36 U/A LIMITED with a land use of 0303 - MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS. This Miami-Dade reference for zoning is believed to translate into T4 L zoning in Miami, Florida, information about which may be found here. Any such (T4 L 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 1222 NW 29th St, 1260 NW 29th St, 1330 NW 54th St, 1341 NW 20th St, 1395 NW 22nd St, 1440 SW 42nd Ave, 1500 NW 22nd St, 1515 NW 22nd St, 1575 NW 59th St, 1628 NW 28th St, 1846 NW 22nd St, 1854 NW 22nd St, 1864 NW 22nd St, 1872 NW 24th St, 1917 NW 21st St, 1919 NW 21st St, 1941 NW 21st St, 1996 NW 22nd St, 2041 NW 23rd Ave, 2047 NW 24th Ave, 2050 NW 36th St, 2100 NW 19th Ave, 2100 NW 22nd Ct, 2120 NW 23rd Ave, 2130 NW 28th St, 2140 NW 23rd Ave, 2154 NW 61st St, 2157 NW 23rd Ave, 2170 NW 24th Ave, 2195 NW 27 AVE, 2338 NW 21st Ter, 2421 NW 27th Ave, 2451 NW 54th St, 2521 NW 27th Ave, 2599 NW 37th Ave, 2629 NW 17th Ave, 2657 NW 23rd St, 2741 NW 49th St, 2800 NW 17th Ave, 2895 NW 45th St, 2948 NW 46th St, 2994 NW 46th St, 3010 NW 17th Ave, 3095 NW 26th Street, 3150 NW 46th St, 3195 NW 54th St, 32, 3230 NW 42nd St, 3235 NW 41st St, 3325 NW 36th St, 3340 NW 36th St, 3350 SW 37th Ave, 3480 NW 41st Street, 3490 NW 32nd Ave, 3566 NW 32nd St, 3590 NW 36th St, 3690 NW 54 ST, 3780 NW 52nd St, 4055 NW 17th Ave, 4120 NW 17th Ave, 4180 NW 32nd Ave, 4226 NW 32nd Ave, 4419 NW 17 Ave, 4430 NW 35th Ct, 4699 NW 27th Ave, 5176 NW 17th Ave, 5390 NW 27 av, 5832 NW 27th Ave, NW 32nd Ave, and others.