2901 Ponce De Leon BlvdCoral Gables, FL 33134

Property Details for 2901 Ponce De Leon Blvd

Year built

1926

Construction

CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

7,917 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office properties

Property subtype

Office buildings

APN

03-4117-086-0050

APU

341170860050

Description

The Plaza Coral Gables offers a prestigious business address in the heart of Coral Gables, Miami-Dade County. This mixed-use development boasts 2,100,000 square feet of space, including Class A office space, retail, a luxury hotel, and residential units. Multiple tenancy options are available, with a minimum divisible space of 13,500 square feet and a maximum contiguous space of 474,000 square feet. Currently, 663,500 square feet of office space is vacant. The property features ample parking with 2,000 spaces. Located in a vibrant neighborhood, this development offers a blend of old-world charm and modern functionality, providing exciting retail, dining, and entertainment venues. Its proximity to Miami International Airport, the Port of Miami, and downtown Miami makes it an ideal location for businesses. The development also includes the restoration of almost 3 acres of public space, enhancing the community atmosphere. Coral Gables is a major employment center, home to multinational companies and the University of Miami, ensuring a strong workforce and consistent demand. The city's Mediterranean Revival architectural style and planned community design create a unique and desirable environment, unaffected by seasonal fluctuations.

• CAP approach

  CAP return

  Valuation

  6%

  $6,835,406

  6.5%

  $6,309,606

  7%

  $5,858,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,031,102

  Geo Method

  $3,031,102

• Alternative Use

  Use

  Valuation

  Residential

  $7,823,910

  Hospitality

  $7,166,660

  Educational

  $5,962,577

  Medical

  $6,167,639

  Retail

  $9,275,120

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7455

Longitude

-80.2577

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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