2 Locations

ONE Sotheby's International Realty is proud to present a fully leased corner commercial building paired with an adjacent vacant lot at the northwest corner of Ponce de Leon Boulevard and Menores Avenue in Coral Gables — one of South Florida's most stable and sought-after markets. 1424-1430 Ponce de Leon Boulevard is a 3,997 SF building 100% occupied by two tenants, Limitless Dance Collective and Kick LLC, generating over $180,000 in gross annual income with leases running through early 2029. The income is there, the tenants are in place, and the corner location only gets more valuable over time.

What sets this deal apart is 211 Menores Avenue— a 5,500 SF vacant lot sitting right next to the building, zoned multifamily. Use it for parking today, build on it tomorrow, or hold the full corner as a long-term land position. It's rare to find a deal in Coral Gables that gives you current income and that kind of flexibility in the same package.

The property is located on North Ponce de Leon Boulevard within the North Ponce Mixed-Use Overlay District — the corridor connecting Miracle Mile, Downtown Coral Gables, Coconut Grove, and Brickell. It's a stretch of road that sees consistent traffic, strong household incomes nearby, and the kind of demand that doesn't go away.

Coral Gables retail vacancy sits at just 2.1% with nothing new under construction, and recent sales along this corridor have traded well above $700 per square foot. Demand has only grown as rising costs in Brickell and Coconut Grove continue pushing businesses and residents northward along Ponce. The city's tight development controls mean supply stays limited — which is exactly why a corner assemblage like this, with income already attached, is the kind of opportunity that doesn't come around often.