3909 Ponce De Leon Blvd Coral Gables, FL 33134
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 3909 Ponce De Leon Blvd
- Year built
- 1948
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents two adjacent duplexes totaling four units at 3903 and 3909 Ponce De Leon Blvd, Coral Gables, FL 33134. Built in 1948, this two-story, multifamily property sits on combined lots spanning 25,525 square feet, offering a substantial 17,000 square feet of buildable area. Currently configured as an apartment building, the property is being sold as a single package for $2,550,000. The combined lots boast frontage on Ponce De Leon Boulevard and access to Southwest 39th Avenue, ideal for garage entrances. This prime Coral Gables location offers unparalleled convenience, situated within walking distance of the Shops at Merrick Park and the heart of downtown Coral Gables. The property presents a unique opportunity for developers or investors to capitalize on the significant buildable area, potentially yielding up to seven townhomes, each with approximately 2,428 square feet of livable space and 22 feet of frontage. This is a rare chance to acquire a substantial property in a highly desirable location with significant redevelopment potential. The asking price reflects the exceptional value and potential return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.258369
- Latitude
- 25.7360262
