For Sale
$1,200,000

2415 Ponce De Leon Rd Coral Gables, FL 33134

Prime location, established restaurant, high revenue.

Overview

Added:
Dec 11, 2024
Days on market:
135
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

Highlights

  • Levant Restaurant, Coral Gables, FL.
  • 2415 Ponce de Leon Blvd., Coral Gables, FL 33134
  • 5,200 sq. ft. (4,200 sq. ft. ground floor + 1,000 sq. ft. mezzanine); 4,364 sq. ft. GLA.
  • Retail restaurant space, built in 1959.
  • High-traffic Ponce de Leon Blvd. location in Coral Gables' Miracle Mile, near Hillstone, Cheesecake Factory, and Bulla Gastrobar.
  • 120-seat restaurant with two dining areas, two bars, a VIP mezzanine lounge, and a private dining room. Features a state-of-the-art kitchen with full hood and three walk-in coolers. Excellent street visibility.

Property Details for 2415 Ponce De Leon Rd

Property type
Retail properties, Restaurants
Square Feet
5,200 SF
Year Built
1959

Location Insight

City
Coral Gables
County
Miami-Dade
State
Florida
Latitude
25.7490075
Longitude
-80.2583076

FAQs

What type of property is this?
Retail property - Prime location, established restaurant, high revenue.
Where is the retail property located?
The property is located at 2415 Ponce De Leon Rd Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Levant Restaurant, Coral Gables, FL.; 2415 Ponce de Leon Blvd., Coral Gables, FL 33134; 5,200 sq. ft. (4,200 sq. ft. ground floor + 1,000 sq. ft. mezzanine); 4,364 sq. ft. GLA.
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2415 Ponce De Leon Rd
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