Iconic Coral Gables Mixed-Use
For Sale
Contact for pricing
3306 Ponce de Leon, Coral Gables, FL 33134
Retail and office building in prime Coral Gables location.
Property Size12,317 SF
Price / SF$521.28
Days on Market928
Property Features for 3306 Ponce de Leon
General Information
Standard status
Active
Size
12,317 SF
Class
B
Total Parking Spaces
5
Property subtype
Retail, Office, Mixed Use
Zoning
CB, Coral Gables
Occupancy
60%
Investment Type
Owner/User
Building Details
Year Built
1925
Year Renovated
2022
Stories
2
Tenancy
Multi
Listing Agency:
Scarlett Harper Commercial
Listed By:
Sebastian Misiewicz · License #FL SL3243522
(305) 904-5956
Source:
Crexi
Added: Apr 3, 2024
Changed: Oct 6
Last Checked: Oct 16 at 7:41AM
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 Scarlett Harper Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3306-3310 Ponce De Leon Boulevard in Coral Gables, Florida, this mixed-use building offers approximately 11,167 square feet of retail and office space. Constructed in 1925, the property features restored old Florida Mediterranean style architecture and nearly 100 feet of frontage on Ponce De Leon Boulevard. The ground floor is occupied by Chic Parisien, a bridal store with a long-term lease. The second floor offers approximately 5,400 square feet of office space suitable for multiple tenants or a single tenant. The property is positioned along Coral Gables’ primary north-south commercial corridor, north of Bird Road and S Dixie Highway, and near the Village of Merrick Park. It also provides access to Coral Gables’ central business district, including Miracle Mile and Ponce de Leon Circle. The area includes development sites, hotels, apartments, shopping, restaurants, and single-family homes. The immediate vicinity is a top-performing commercial real estate market in South Florida, characterized by low vacancy rates in both office and retail sectors, positive absorption, and escalating rental rates. A new owner can capitalize on the vacant second floor space, while benefiting from income from the established ground floor tenant, who has been at the property for over 13 years with a long-term lease remaining. The property size is 12,317 square feet.
Key Highlights
- Prime location on Ponce De Leon Boulevard in Coral Gables.
- Significant income potential from established ground floor tenant (Chic Parisien) with a long‑term lease.
- Available second‑floor office space (approximately 5,400 sq ft) for lease or owner‑user occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$326,462
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,529,240
$6.5M
Cap Rate 7%
$4,663,743
$4.7M
Cap Rate 9%
$3,627,356
$3.6M
Market Conditions
NOI Build-Up for 12,317 SF
Gross rent
$561.7K $45.60/SF
− Vacancy
−$126.4K −$10.26/SF
EGI
$435.3K $35.34/SF
− OpEx
−$108.8K −$8.84/SF
NOI
$326.5K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,529,240
Cap Rate 7%
$4,663,743
Cap Rate 9%
$3,627,356
Alternative Uses
Best Use
Office B
$4.66M
$4.08M – $5.44M
NOI $326,462 @ 7.0% cap · market cap 5.08%
Second Best
Mixed Use
$3.04M
$2.66M – $3.54M
NOI $212,468 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$6.25M
$5.47M – $7.29M
NOI $437,425 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office building in prime Coral Gables location.
Where is this mixed-use property located?
The property is located at 3306 Ponce de Leon Coral Gables, FL.
What is the asking price?
The asking price for this property is $6,420,550.
What are key features of this property?
This property features: Prime location on Ponce De Leon Boulevard in Coral Gables.; Significant income potential from established ground floor tenant (Chic Parisien) with a long‑term lease.; Available second‑floor office space (approximately 5,400 sq ft) for lease or owner‑user occupancy.
