Restaurant with Separate Pickup
For Sale
Contact for pricing
1930 Ponce De Leon Blvd # 1930, Coral Gables, FL 33134
Existing kitchen and dining facilities support in-person service alongside delivery operations.
Property Size5,854 SF
Price / SF$3.07
Days on Market239
Property Features for 1930 Ponce De Leon Blvd # 1930
General Information
Standard status
Active
Size
5,854 SF
Property subtype
Restaurant/Entertainment
Site & Location
Neighborhood
Downtown Coral Gables
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Building Details
Building Size
5,854 SF
Year Built
1939
Listing Agency:
Synergy Realty Advisors
Listed By:
Valeria Martinez · License #3631619
(561) 757-9670
Source:
Emporiore
Added: Mar 3
Changed: Oct 27
Last Checked: Oct 27 at 3:18AM
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 Synergy Realty Advisors
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Investment Insights
Based on property information with market context.
Configured for restaurant use, the space includes a commercial kitchen with a hood system, two updated grease traps, and designated dining and bar areas. A separate delivery pickup setup has its own entrance on Navarre Street and includes a smaller kitchen and refrigeration. The property is offered as a sublease, with approximately 2.5 years remaining in the current term and a five-year option.
The restaurant is on Ponce de Leon Boulevard in Coral Gables, adjacent to the Coral Gables Target. The layout provides distinct areas for dining service and delivery pickup.
The restaurant is on Ponce de Leon Boulevard in Coral Gables, adjacent to the Coral Gables Target. The layout provides distinct areas for dining service and delivery pickup.
Key Highlights
- Commercial kitchen with hood system and two updated grease traps
- Separate delivery pickup area includes a smaller kitchen and refrigeration
- Dedicated pickup entrance on Navarre Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,695
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,900
$2.3M
Cap Rate 7%
$1,609,929
$1.6M
Cap Rate 9%
$1,252,167
$1.3M
Market Conditions
NOI Build-Up for 5,854 SF
Gross rent
$161.6K $27.60/SF
− Vacancy
−$11.3K −$1.93/SF
EGI
$150.3K $25.67/SF
− OpEx
−$37.6K −$6.42/SF
NOI
$112.7K $19.25/SF
Area
Miami-Dade County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,900
Cap Rate 7%
$1,609,929
Cap Rate 9%
$1,252,167
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,695 @ 7.0% cap · market cap 626.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,899 @ 7.0% cap · market cap 1,154.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
8,418
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing kitchen and dining facilities support in-person service alongside delivery operations.
Where is this conventional restaurant located?
The property is located at 1930 Ponce De Leon Blvd # 1930 Coral Gables, FL.
What are key features of this property?
This property features: Commercial kitchen with hood system and two updated grease traps; Separate delivery pickup area includes a smaller kitchen and refrigeration; Dedicated pickup entrance on Navarre Street
