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Office Building with Ground-Floor Retail
For Lease
$47,219 SF/Yr

299 Alhambra Circle 275, Coral Gables, FL 33134

Ground-floor retail with four office floors and flexible layouts, plus garage parking behind the building.

Days on Market307

Property Features for 299 Alhambra Circle 275

General Information

Standard status Active
Property subtype Retail

Space & Availability

Floor Ground Floor
Space Use Office

Amenities

garage parking
on site property management

Building Details

Building Size 62,327 SF
Year Built 1959
Stories 5
Listing Agency: Terranova Corp
Listed By: Mindy Sue Mcilroy · License #3554513
Source: Silverleafrealtygroup
Added: Oct 1, 2025 Changed: Jul 31 Last Checked: Aug 2 at 11:56AM

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 Terranova Corp

Investment Insights

Based on property information with market context.

This office building includes ground-floor retail space and four office floors, with flexible office layouts designed to accommodate a range of business needs. On-site property management supports building operations, and garage parking is available behind the building.

The property is located at the intersection of Salzedo Street and Alhambra Circle, with the ground floor at 275 Alhambra Circle within the larger 299 Alhambra Circle building. Nearby tenants include FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company.

The building’s position near major roads, the airport, residential communities, and Miracle Mile is intended to provide convenient access for tenants and their customers. Built in 1959, the property offers an established presence in Coral Gables.

Key Highlights

  • Ground‑floor retail plus four office floors
  • Flexible office layouts for adaptable workspace
  • Garage parking behind the building, with on‑site property management

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Pet Store Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7,082.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,550
Businesses Nearby

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

Market

Lease Benchmarks for Coral Gables, FL

$6.1 /SF/Yr
Avg Asking Price
$0.65–$29.47 /SF/Yr
Price Range
52,414 SF
Avg Space Size

This space is priced 774194% above the average of $6.1 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Ground-floor retail with four office floors and flexible layouts, plus garage parking behind the building.
Where is this office building located?
The property is located at 299 Alhambra Circle 275 Coral Gables, FL.
What is the lease rate?
The lease rate is $47,219.
What are key features of this property?
This property features: Ground‑floor retail plus four office floors; Flexible office layouts for adaptable workspace; Garage parking behind the building, with on‑site property management
More about this property
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