Reputable Sources have Disclosed that the Commercial Property located at the Address 1950 71 St, Miami Beach, FL 33141 Sold on October 27, 2016

This is a news story only, not a listing.

It has been officially reported that the property located at 1950 71 St in Miami beach within zip code 33141 and with the folio number 02-2100-002-0840 sold on October 27, 2016. The sale type was recorded as "Qual on DOS, multi-parcel sale." Selling prices of properties as recorded at 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 27, 2016 and with an amount of $6,250,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 1950 71 St property sale one should consider other properties within its zip code 33141, 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 33141 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33141 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for Miami Beach, the South Florida city in which the property is located, may also be worth reviewing.

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 1950 71 St property in Miami Beach within the zip code 33141 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 12,637 adjusted square feet of building that was built in 1955 showing an effective year built of 1975. The property having 12,637 square feet of building adjusted squarefeet places it in the 10,000 to 15,000 square feet range. Possessing 24,367 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 0303 - MULTIFAMILY 10 UNITS PLUS : MULTIFAMILY 3 OR MORE UNITS. This Miami-Dade reference for zoning is believed to translate into RM-1 zoning in Miami Beach, Florida, information about which may be found here. Any such (RM-1 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 1910 and 1920 Biarritz Dr, 2011 Bay Dr, 2140 Bay Dr, 235 78th St, 300 76th St, 345 85th St, 6881 Indian Creek Dr, 6979 Collins Ave, 7451 Harding Ave, 7601 E Treasure Dr # 18, 7601 E Treasure Dr # 5, 7619 Abbott Ave, 7635 Dickens Ave, 8025 Crespi Blvd, 8035 ABBOTT AV, 8143 Harding Ave, 8320 Harding Ave, 842 84th St, 912 71st St, 924 Marseille Dr, and others.