1 Alhambra PlzCoral Gables, FL 33134

  • Office properties
  • 473,214 SF
For Lease

Property Details for 1 Alhambra Plz

Year built
1990
Construction
CONCRETE
Lot size
2.51 AC
Property size (Sq ft)
473,214 SF
Zone code
6400:COMMERCIAL,CENTRAL
Property type
Office properties
Property subtype
Office buildings
APN
03-4108-007-2210
APU
341080072210

Description

Columbus Center, located at 1 Alhambra Plaza in the vibrant city of Coral Gables, Florida (zip code 33134), presents a prime retail opportunity. This exceptional commercial property, situated in Miami-Dade County, offers a total of 11,104 square feet of leasable space, currently entirely vacant and ready for immediate occupancy. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 2,574 square feet to a maximum contiguous space of 5,362 square feet, providing flexibility for businesses of various sizes. The building boasts ample parking, with a ratio of 4 spaces per 1,000 square feet. This location in Coral Gables offers high visibility and accessibility, making it an attractive destination for customers. The property's classification as both Commercial and Retail ensures a diverse potential tenant base. The address is easily accessible and situated within a thriving commercial district. This is an exceptional chance to secure a prominent retail presence in a highly desirable area of South Florida. The entire 11,104 square feet is currently available for lease. Contact us today to learn more about this exciting opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $408,565,088
    6.5%
    $377,136,992
    7%
    $350,198,624
  • Comparable approach

    Method
    Valuation
    Relative Method
    $181,174,720
    Geo Method
    $181,174,720
  • Alternative Use

    Use
    Valuation
    Residential
    $467,649,856
    Hospitality
    $428,364,768
    Educational
    $356,394,464
    Medical
    $368,651,424
    Retail
    $554,391,360
1 Alhambra Plz, Coral Gables, Florida

Location Insight

City
Coral Gables
County
Miami-dade
State
Florida
Latitude
25.7528
Longitude
-80.2556
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,413,993
$32,812,500
$48,687,500
$81,500,000
-
$32,812,500
$48,687,500
$81,500,000

FAQs

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