Reliable Sources have Recorded that the Commercial Property at the Address 11950 NE 2 Ave, North Miami, FL 33161 Sold on November 06, 2017

This is a news story only, not a listing.

It has been officially reported that the property located at 11950 NE 2 Ave in North miami within zip code 33161 and with the folio number 06-1250-028-0040 sold on November 06, 2017. The sale type was recorded as "Qual by verifiable & documented evidence." 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. 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 06, 2017 and with an amount of $7,100,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 11950 NE 2 Ave property sale one should consider other properties within its zip code 33161, 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 33161 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33161 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for North 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 33161 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 11950 NE 2 Ave property in North Miami within the zip code 33161 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 43,456 adjusted square feet of building that was built in 1968 showing an effective year built (also) of 1968. This 43,456 building adjusted square footage sets it in the 40,000 to 50,000 square feet range. Having 61,200 square feet of lot, one would generally place it in a 50,000 to 75,000 square feet (lot size) range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 3800 - MULTI-FAMILY - 22-37 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 R-6 zoning in North Miami, Florida, information about which may be found here. Any such (R-6 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 10905 Biscayne Blvd, 11520 NE 6th Ave, 11720 NE 2nd Ave, 11720-11740 NE 2nd Ave, 11801 W Dixie Hwy, 11851 W Dixie Hwy, 11975 W Dixie Hwy, 11999 W Dixie Hwy, 1217 NE 127th St, 12430 W Dixie Hwy, 12495 NE 2nd Ave, 12540 NE 8th Ave, 13033 W Dixie Hwy, 1326 NE 110th St, 13639 W Dixie Hwy, 13700 NE 11th Ave, 1401 NE 108th St, 1420 NE 131st St, 14300 W Dixie Hwy, 14444 W Dixie Hwy, 1550 NE 147th St, 567 NE 150th St, 777 NE 125th St, and others.