$4,000,000

Overview

Exciting Investment Opportunity in Coral Gables!

Marcus & Millichap proudly presents this Two-Tenant Net Leased Asset at 204 Valencia Avenue. Boasting a prime location at one of Coral Gables’ most prominent signalized intersections, this property features a 5,775 SF building on a 6,240 SF parcel of land.

Nestled along Ponce De Leon Blvd, a major thoroughfare in Coral Gables, the property enjoys exceptional visibility with traffic counts surpassing 20,000 vehicles per day. Positioned between Miracle Mile and the new Plaza Development Project, there’s immense potential for future rent appreciation as tenants vie for space in this coveted area.

With a rich history under single ownership since 1965, this generational asset presents a rare investment opportunity. Coral Gables itself stands out as one of Miami-Dade County’s most affluent neighborhoods, boasting a median household income exceeding $113k per year.

Don’t miss out on this lucrative investment in the heart of Coral Gables! Contact us today for more details.

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Details

  • Lot area (sqft):
    6,240 sqft
  • Building area (sqft)::
    5,775 sqft
  • Price ($):
    $4,000,000
  • Year built:
    1953
  • Cap Rate:
    5.06%
  • Single Asset