Miami-Dade Authorities have Recorded that the Commercial Property with an Address of 244 NE 78 St, Miami, FL 33138 Sold on November 01, 2016

This is a news story only, not a listing.

It has been officially reported that the property located at 244 NE 78 St in Miami within zip code 33138 and with the folio number 01-2070-042-0260 sold on November 01, 2016. The sale type was recorded as "Qual on DOS, multi-parcel sale." 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. 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 November 01, 2016 and with an amount of $3,900,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 244 NE 78 St property sale one should consider other properties within its zip code 33138, 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 33138 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33138 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 33138 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 244 NE 78 St property in Miami within the zip code 33138 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 0 adjusted square feet of building that was built in an unknown (not recorded) year showing an effective year built (also) of an unknown (not recorded) year. Having a lot size of 5,600 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 4600 - MULTI-FAMILY - 5 STORY & with a land use of 1081 - VACANT LAND - COMMERCIAL : VACANT LAND. This Miami-Dade reference for zoning is believed to translate into T5 R zoning in Miami, Florida, information about which may be found here. Any such (T5 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 1316 NE 105th St, 159 NE 64th St, 259 NE 79th St, 260 NE 79th St, 281 NE 78th St, 311 NE 78th St, 333 NE 79th St, 40 NE 75th St, 47 NE 80th Ter, 490 NE 62nd St, 6229 NE 2nd Ave, 625 NE 79th St, 6255 NE Miami Pl and 3 more, 6700 Biscayne Blvd, 6899 NE 4th Ave, 7228 Biscayne Blvd, 7416 Biscayne Blvd, 7424 NE 2nd Ave, 7520 NE 3rd Ct, 7613 Biscayne Blvd, 7635 NE 2nd Ave, 8101 Biscayne Blvd # 3, 8241 NE 2nd Ave, 829 NE 79th St, 9101 Biscayne Blvd, and others.