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16595016
16595017

3306 Ponce de Leon, Coral Gables, FL 33134

SM
FL FL SL3243522
Scarlett Harper Commercial
BS
FL: SL3197924
CBRE - Fort Lauderdale
Listed by Scarlett Harper Commercial, CBRE - Fort Lauderdale
$6,420,550
791 days on market
Updated 76 days ago

3310 Ponce

Details
APN 03-4117-007-1140
Property Type Mixed Use, Office (+1)
Sub Type Medical Office, Storefront (+1)
Square Footage 12,317
Net Rentable (SqFt) 11,167
Occupancy 60.13%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $521
Broker Co-Op Yes
Class B
Year Built 1925
Year Renovated 2022
Stories 2
Lot Size (SqFt) 7,535
Zoning CB, Coral Gables
Parking Spaces 5 spaces
Parking Per SqFt 0.41
Investment Type Owner/User
Ownership Fee Simple

ICONIC CORAL GABLES USER OPPORTUNITY WITH WORLD FAMOUS BRIDAL ANCHOR TENANT

Marketing description

CBRE Inc. proudly presents “3310 Ponce” for sale, an Iconic retail and office building spanning approximately 11,167 square feet, located at 3306-3310 Ponce De Leon Boulevard in Coral Gables, Florida. This distinguished property boasts a prominent ground floor occupied by the renowned bridal store, Chic Parisien, under a long-term lease, and available second-floor office space that can accommodate multiple tenants or a single tenant of about 5,400 square feet. Constructed in 1925, 3310 Ponce stands out for its meticulously restored old Florida Mediterranean style architecture, with nearly 100 feet of frontage along Ponce De Leon Boulevard, the city’s main thoroughfare. This blend of architectural splendor, visibility, and location presents a unique opportunity for investors or owner-users to lease or occupy the property’s prime second floor space.

3310 Ponce is celebrated for its iconic architecture and renowned tenant, Chic Parisien. With much of the second floor vacant, along with a small month-to-month tenant, a new owner can capitalize on over 5,400 square feet facing Ponce De Leon Boulevard to develop, occupy, or re-tenant, while benefiting from stable income from the established ground floor tenant, who has been at the property for over 13 years with a long-term lease remaining.

Nestled in an ideal location offering accessibility and exclusivity, 3310 Ponce sits along Coral Gables’ primary north-south commercial corridor, one of South Florida’s premier urban submarkets. Positioned just north of Bird Road and S Dixie Highway and in close proximity to the Village of Merrick Park, one of Miami’s prominent outdoor shopping destinations, the property also offers easy access to Coral Gables’ central business district, featuring Miracle Mile, Ponce de Leon Circle, and a myriad of development sites, hotels, apartments, shopping, world-class restaurants and single-family homes. This vibrant area boasts numerous amenities, making it an ideal location for companies seeking to establish their business or headquarters. Additionally, the immediate vicinity ranks among the top performing commercial real estate markets in South Florida, characterized by low vacancy rates in both office and retail sectors, robust positive absorption, and escalating rental rates.

Investment highlights

· Iconic Mixed-Use Property in the Heart of Coral Gables, FL

· Exceptional Owner-User Opportunity with Stable Ground Floor Retail Income

· Ground Floor Occupied by World Famous Bridal Tenant Chic Parisien on Long Term Lease

· Premiere Ponce De Leon Boulevard Frontage in Amenity Rich Area

· Full Second Floor Available to Occupy and Brand Building for Owner Occupant

· Excellent Proximity to S Dixie Hwy and Throughout Coral Gables Market

· Top Performing Coral Gables Submarket with Low Vacancy Rates and Strong Rental Growth

Listing Contacts

SM
FL FL SL3243522
Scarlett Harper Commercial
BS
FL: SL3197924
CBRE - Fort Lauderdale
Listed by Scarlett Harper Commercial, CBRE - Fort Lauderdale

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Additional Information

Name
Sebastian Misiewicz
License
FL SL3243522
Brokerage Phone
305-904-5956
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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