2415 Ponce De Leon Rd Coral Gables, FL 33134
- Retail properties
- 5,200 SF
Current Use by Public Records
- Retail properties
Property Details for 2415 Ponce De Leon Rd
- Year built
- 1959
- Property size
- 5,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Coral Gables restaurant presents a unique investment opportunity. Located on the bustling Ponce de Leon Boulevard in the Miracle Mile, this 5,200 square foot, two-story establishment boasts a prime location with excellent street visibility. Built in 1959, the building features a main dining area with seating for up to 120 guests, a chic mezzanine VIP lounge, and a separate private dining room. The state-of-the-art kitchen is fully equipped with a full hood and three walk-in coolers. The property includes all furniture, fixtures, and equipment (FF&E), making it a truly turnkey operation. The current tenant enjoys a strong 100% occupancy rate under an NNN lease with eight years remaining, plus a five-year option. The asking price is $1,200,000, reflecting a price per square foot of $230.77. The property is zoned for restaurant/bar use and benefits from ample street and valet parking, as well as a nearby city surface lot. Neighboring businesses include well-known establishments such as Hillstone, The Cheesecake Factory, Bulla Gastrobar, and Barnes & Noble. This property offers significant revenue potential and is ideally suited for a discerning restaurateur seeking a high-performing, established business in a prime Coral Gables location. The current liquor license is not included in the sale, but the space qualifies for a full liquor license. The property's dimensions are 25 feet of frontage and 107 feet in depth. This is a currently operating restaurant
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2583
- Latitude
- 25.749
