Iconic Coral Gables Mixed-Use
3306 Ponce de Leon Coral Gables, FL 33134
3306 Ponce de Leon, Coral Gables, FL, 33134
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For Sale
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Retail and office building in prime Coral Gables location.
Property Size12,317 SF
Price / SF$521.28
Days on Market837
Property Features for 3306 Ponce de Leon
General Information
- Standard status
- Active
- Size
- 12,317 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1925
Listing Agency
Scarlett Harper Commercial
(305) 904-5956
Listed by
Sebastian Misiewicz · License #FL SL3243522
Source
Crexi
Added: Apr 3, 2024 Checked: Jul 17 at 12:04 pm
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $561.7k | $45.60 |
| − Vacancy | −$126.4k | −$10.26 |
| EGI | $435.3k | $35.34 |
| − OpEx | −$108.8k | −$8.84 |
| NOI | $326.5k | $26.51 |
12,317 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
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.
