The Real Commercial Property at 522 NE 78 St, Miami, FL 33138 Sold On May 10, 2022

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This is a news story only, not a listing.

It has been officially reported that the property located at 522 NE 78 St in Miami within zip code 33138 and with the folio number 01-2070-040-0211 sold on May 10, 2022. 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 May 10, 2022 and with an amount of $7,170,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 522 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 522 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 9,637 adjusted square feet of building that was built in 1936 showing an effective year built (also) of 1936. This 9,637 square footage (adjusted) of building put it in the 7,500 to 10,000 square feet range. Possessing 27,975 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 T4 R zoning in Miami, Florida, information about which may be found here. Any such (T4 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. 33birdsquan28 Also, commercial properties have been listed for sale near this one, including 1001 NE 79th St, 1071 NE 80th St, 131 NE 77th St, 321 NE 78th St, 355-373 NE 70th St, 360 NE 70th St, 372 NE 70th St, 390 NE 71st St, 433 NE 82nd St, 498 NE 78th St, 500 NE 78th St, 622 NE 80th St, 630 & 640 NE 80th St, 6400 NE 4th Ct, 7029 Biscayne Blvd, 7281 Biscayne Blvd, 7301 NE Miami Ct, 7460 Biscayne Blvd, 753 NE 79th St, 7635 NE 2nd Ave, 777 NE 79th St, 7915 Biscayne Blvd, 7929 NE 1st Ave, 8020 NE 4th Ave, 8281 NE 1st Pl, 8411 Biscayne Blvd, 9325 Park Dr, 98 NE 79th St, and others.

NOTE: This is a commercial real estate sales new story only - NOT a listing - about the May 10, 2022 sale of the commercial real estate property with Miami-Dade folio number 01-2070-040-0211 (0132070400211 without the dashes) and an address of 522 NE 78 St in Miami, Florida 33138.