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    3306 Ponce De Leon Rd Coral Gables, FL 33134

    Sponsored
    For Sale
    $7,258,550

    Iconic Coral Gables building, owner-user opportunity.

    Property size:
    12,317 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 3306-3310 Ponce De Leon Boulevard in Coral Gables, Florida, offers a unique investment opportunity for owner-users. The 12,317 square foot building, constructed in 1925 and renovated in 2022, features meticulously restored Old Florida Mediterranean architecture with nearly 100 feet of frontage on Ponce De Leon Boulevard. The ground floor is occupied by a renowned bridal store under a long-term lease, providing stable income. The second floor, encompassing approximately 5,400 square feet, is largely vacant, presenting a prime opportunity for a new owner to occupy, develop, or re-tenant. The property boasts a Class B designation, two stories, and four parking spaces. The current occupancy rate is 60.13%, with two tenants. The asking price is $7,258,550, translating to $589.31 per square foot of net rentable space (11,167 sq ft). The property is zoned CB, Coral Gables, and benefits from a 2% annual rent bump. Its prime location in Coral Gables offers excellent accessibility and proximity to major thoroughfares, including Bird Road and S Dixie Highway, as well as the Village of Merrick Park. This vibrant area features numerous amenities and is known for its low vacancy rates, strong positive absorption, and escalating rental rates, making it an ideal location for businesses seeking to establish a presence or headquarters in a high-performing South Florida commercial real estate market. The property is offered fee simple.

    Property Features for 3306 Ponce De Leon Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,317 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1925/2022
    Stories
    2

    HighLights

    • Iconic mixed‑use property in Coral Gables, FL.
    • Exceptional owner‑user opportunity with stable ground floor retail income.
    • Ground floor occupied by Chic Parisien bridal store on a long‑term lease.
    • Prime Ponce De Leon Boulevard frontage in a high‑amenity area.
    • Entire second floor available for owner‑occupancy or lease.
    • Excellent proximity to S. Dixie Hwy and other Coral Gables areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2586925
    Latitude
    25.7409062

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    FAQs

    What type of property is this?
    Individual retail property - Iconic Coral Gables building, owner-user opportunity.
    Where is this individual retail property located?
    The property is located at 3306 Ponce De Leon Rd Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $7,258,550.
    What are key features of this property?
    This property features: Iconic mixed-use property in Coral Gables, FL.; Exceptional owner-user opportunity with stable ground floor retail income.; Ground floor occupied by Chic Parisien bridal store on a long-term lease.
    Request Owner's contact information
    3306 Ponce De Leon Rd Coral Gables, FL 33134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3306 Ponce De Leon Rd Coral Gables, FL 33134
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