The Commercial Property with an Address of 120 NW 37 St, Miami, FL 33127 Reportedly Traded On December 28, 2023

This is a news story only, not a listing.

It has been officially reported that the property located at 120 NW 37 St in Miami within zip code 33127 and with the folio number 01-1240-021-1480 sold on December 28, 2023. The sale type was recorded as "Religious, charitable or benevolent organization." Sales prices as recorded by 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 December 28, 2023 and with an amount of $3,800,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 120 NW 37 St property sale one should consider other properties within its zip code 33127, 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 33127 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33127 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 33127 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 120 NW 37 St property in Miami within the zip code 33127 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 2,829 adjusted square feet of building that was built in 1950 showing an effective year built of 1970. This 2,829 square footage (adjusted) of building put it in the 2,500 to 5,000 square feet range. Having a lot size of 5,000 square feet, one would perhaps put it in the 0 to 5,000 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 6101 - CEN-PEDESTRIAN ORIENTATIO with a land use of 7144 - RELIGIOUS - EXEMPT : RELIGIOUS. This Miami-Dade reference for zoning is believed to translate into T5 O zoning in Miami, Florida, information about which may be found here. Any such (T5 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 101 NW 20th St, 1053 NW 29 St, 111 NW 54th St, 1171 NW 54th St, 118 NW 24th St, 126 NW 33rd St, 148 NW 28th St, 154 NW 30th St, 155 NW 59th St, 2005 NW 10th Ave, 2010, 203 NW 35th St, 2200 NW 2nd Ave, 27 NW 35th St, 2721 NW 1st Ave, 2824 NW 5th Ave, 3020 NW 7th Ave, 320 NW 29th St, 321 NW 37th St, 3301 NW 7th Ave Cir, 3400 N Miami Ave, 345 NW 34th St, 346 NW 36th St, 3910 NW 2nd Ave, 4314 NW 2nd Ave, 4420 NW 7th Ave, 51 NW 36th St, 5222 NW 7th Ave, 523 NW 28th St, 5235 NW 7th Ave, 55 NW 25th St, 55 NW 59th St, 550 NW 29th St, 5527 NW Miami Ct, 570 NW 54th St, 581-595 NW 54th St, 5921 NW 1st Ave, 60 NW 20th St, 652 NW 31st St, 665 NW 43rd St, 666 NW 36th St, 773-775 NW 21st Ter, 82 NW 27th St, 92 NW 27th St, 97 NW 27th St, and others.