2626 Ponce De Leon BlvdCoral Gables, FL 33134

Property Details for 2626 Ponce De Leon Blvd

Year built

1948

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

5,456 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Turn key restaurants

APN

03-4117-005-2520

APU

341170052520

Description

This exceptional investment opportunity presents a thriving restaurant and bar located at 2626 Ponce De Leon Blvd in the vibrant heart of Coral Gables, Florida. Built in 1948, this established business is ideally situated near the prestigious Loews Hotel and The Plaza, ensuring high foot traffic and visibility. The asking price is $160,000. The property is classified as retail and encompasses a cozy and inviting atmosphere, perfect for a continued successful operation or a fresh concept. The address is 2626 Ponce De Leon Blvd, Coral Gables, FL 33134, within Miami-Dade County. This prime location in Coral Gables offers unparalleled access to a sophisticated clientele and a thriving local community. The property's history and established presence provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-positioned business in one of South Florida's most desirable areas. The property's strategic location near high-end hotels and popular destinations guarantees a steady stream of potential customers. The existing infrastructure provides a turnkey operation, minimizing initial setup costs and allowing for a quick start. This presents a unique opportunity for an experienced restaurateur or a new entrepreneur looking to establish a presence in a high-demand market. The property's age adds to its character and charm, while its location ensures continued success. Don't miss this chance to own a piece of Coral Gables' vibrant culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $5,206,420

  6.5%

  $4,805,930

  7%

  $4,462,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,172,440

  Geo Method

  $2,172,440

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,168,160

  Mixed-Use / Specialty

  $4,871,170

  Hospitality / Lodging

  $3,681,070

  Office

  $4,928,030

  Institutional / Educational

  $5,093,500

  Residential Income

  $5,959,390

  Multifamily

  $6,690,680

  Automotive / Energy

  $4,365,850

  Parking / Income-Based Land

  $1,425,220

  Restaurant / Food Service

  $2,709,340

  Healthcare / Senior Housing

  $4,910,820

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7473

Longitude

-80.2588

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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