The Property at 950 SW 57 Ave, West Miami, FL 33144 Reportedly Sold On June 07, 2017

This is a news story only, not a listing.

It has been officially reported that the property located at 950 SW 57 Ave in West miami within zip code 33144 and with the folio number 15-0120-016-0230 sold on June 07, 2017. The sale type was recorded as "Qual by exam of deed." 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 June 07, 2017 and with an amount of $61,000,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 950 SW 57 Ave property sale one should consider other properties within its zip code 33144, 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 33144 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33144 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for West 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 33144 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 950 SW 57 Ave property in West Miami within the zip code 33144 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 341,117 adjusted square feet of building that was built in 2016 showing an effective year built (also) of 2016. This 341,117 adjusted square footage of building puts it in the 300,000 to 350,000 square feet range. Having 77,437 square feet of lot, one would generally place it in a 75,000 to 100,000 square feet (lot size) range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 6200 - COMMERCIAL - ARTERIAL 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 C zoning in West Miami, Florida, information about which may be found here. Any such (C 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 1350 SW Red Rd # 16, 5895 W Flagler St, 6471 SW 8th St, 7021 + 7027 SW 13th Ter, and others.