Renovated Retail Plaza in Coral
For Sale
Contact for pricing
1516-1526 Ponce de Leon, Coral Gables, FL 33134
Completely renovated retail plaza on Ponce de Leon Boulevard.
Property Size8,956 SF
Price / SF$0.00
Days on Market348
Property Features for 1516-1526 Ponce de Leon
General Information
Standard status
Active
Size
8,956 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
Coral Bay
Building Details
Building Size
8,956 SF
Year Built
1948
Properties For Sale
at 1516-1526 Ponce de Leon Contact us1516
Size
968 SF
Type
Street Retail
Term
Negotiable
1524
Size
1,281 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
NAI Miami - Corporate
Listed By:
John Lonardo
(305) 213-4050
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Oct 25
Last Checked: Nov 3 at 5:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Miami - Corporate
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Investment Insights
Based on property information with market context.
This completely renovated street-level retail plaza features a mid-modern century art deco design. It is situated on the north side of Ponce de Leon Boulevard, between S.W. 8th Street and the Coral Gables Central Business District. The property includes eight retail bays with direct frontage on Ponce de Leon Boulevard and two retail bays on Mendoza Avenue. The interior ceiling height is 11 feet 9 inches clear. Building upgrades include a new roof, new HVAC systems, new ADA-compliant restrooms, impact-resistant windows and doors, new electrical panels, newly installed light fixtures and data drops, illuminated signage connections above the storefronts, a new fire alarm system connected to the Coral Gables fire department, and smoke detectors. A Coral Gables Trolley Stop is located directly in front on Ponce and Mendoza. The North Ponce corridor is characterized as a walkable neighborhood with approximately 1.3 million square feet of Class A and mixed-use office and retail buildings, multi-family and single-family residences, schools, churches and gathering places, numerous restaurants, cafes, boutiques, and business services. A Target urban concept store opened in 2020, along with a CVS Pharmacy and Starbucks, three blocks from Ponce Plaza. Convenient pay-by-phone parking is available in front of the center. The property size is 8956 square feet.
Key Highlights
- Completely renovated retail space with mid‑modern century art deco design.
- Prime location on Ponce de Leon Boulevard in a walkable neighborhood with high foot traffic.
- New building upgrades including roof, HVAC, ADA restrooms, impact windows/doors, electrical panels, and fire alarm system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,439
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,028,780
$3.0M
Cap Rate 7%
$2,163,414
$2.2M
Cap Rate 9%
$1,682,656
$1.7M
Market Conditions
NOI Build-Up for 8,956 SF
Gross rent
$236.4K $26.40/SF
− Vacancy
−$20.1K −$2.24/SF
EGI
$216.3K $24.16/SF
− OpEx
−$64.9K −$7.25/SF
NOI
$151.4K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,028,780
Cap Rate 7%
$2,163,414
Cap Rate 9%
$1,682,656
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $151,439 @ 7.0% cap · market cap 378,597.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.54M
$3.98M – $5.30M
NOI $318,063 @ 7.0% cap · market cap 795,157.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Completely renovated retail plaza on Ponce de Leon Boulevard.
Where is this strip mall located?
The property is located at 1516-1526 Ponce de Leon Coral Gables, FL.
What are key features of this property?
This property features: Completely renovated retail space with mid‑modern century art deco design.; Prime location on Ponce de Leon Boulevard in a walkable neighborhood with high foot traffic.; New building upgrades including roof, HVAC, ADA restrooms, impact windows/doors, electrical panels, and fire alarm system.
