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Office Building with Ground-Floor Retail
For Lease
$7,915/Mo

406-299 Alhambra Cir, Coral Gables, FL 33134

Flexible office layouts above ground-floor retail, with garage parking and on-site property management.

Days on Market54

Property Features for 406-299 Alhambra Cir

General Information

Standard status Active

Building Details

Stories 5
Tenancy Multi
Listing Agency: Terranova Corp
Listed By: Mindy Mcilroy · License #3554513
Source: Exprealty
Added: Jun 9 Changed: Jul 10 Last Checked: Jul 31 at 7:58PM

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.

299 Alhambra Circle is a mixed-use building featuring ground-floor retail with four office floors. The office levels are offered with flexible layout options to accommodate a range of tenant needs. The property also includes garage parking behind the building and on-site property management.

Located at the intersection of Salzedo Street and Alhambra Circle in Coral Gables, Florida, the property sits among a cluster of well-known neighboring tenants including FIFA, The Coral Gables Trust, Hyatt Hotels, and The Allen Morris Company. The site is positioned near major roads and the airport, with convenient access to surrounding residential communities and Miracle Mile.

This configuration can work well for users that value having retail activity at street level while maintaining dedicated office space across multiple floors. With garage parking behind the building and on-site management already in place, the property is also suited for tenants seeking day-to-day operational support and straightforward access for staff and visitors.

Key Highlights

  • Mixed‑use building with ground‑floor retail plus 4 office floors
  • Flexible office layouts
  • Garage parking behind the building and on‑site property management

Property Analytics

Current Use

Office buildings

Suggested Use

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

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,637
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

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
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Frequently Asked Questions

What type of property is this?
Office building - Flexible office layouts above ground-floor retail, with garage parking and on-site property management.
Where is this office building located?
The property is located at 406-299 Alhambra Cir Coral Gables, FL.
What is the lease rate?
The lease rate is $7,915 /Mo.
What are key features of this property?
This property features: Mixed‑use building with ground‑floor retail plus 4 office floors; Flexible office layouts; Garage parking behind the building and on‑site property management
More about this property
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