1424-1430 Ponce De Leon Blvd + Lot @ 211 Menores Ave

Investment Highlights

• Prime Corner Location: Situated at the high-traffic northwest corner of Ponce de Leon Boulevard and Menores Avenue.

• 100% Occupied Retail: 3,997 SF commercial building fully leased to two established tenants (Limitless Dance Collective and Kick LLC).

• Immediate Cash Flow: Generates over $180,000 in gross annual income with secure leases through early 2029.

• Value-Add Development Potential: Includes 211 Menores Avenue, a 5,500 SF vacant lot zoned for multifamily development (ideal for current parking or future construction).

• Strategic Location: Positioned within the North Ponce Mixed-Use Overlay District, seamlessly connecting Miracle Mile, Downtown Coral Gables, Coconut Grove, and Brickell.

Executive Summary

ONE Sotheby's International Realty is proud to present a rare commercial real estate investment opportunity in Coral Gables, Florida—one of South Florida’s most stable, high-demand, and affluent markets. This premier corner assemblage features a fully leased retail building paired with an adjacent vacant lot, offering the perfect combination of immediate rental income and long-term development flexibility.

Stable Income & Strong Retail Tenants

The commercial building at 1424-1430 Ponce de Leon Boulevard is 100% occupied by two thriving tenants, producing a reliable gross annual income of $180,000+. With leases secured until 2029, investors can capitalize on immediate cash flow while holding a highly valuable corner position in a land-constrained market.

Strategic Land Flexibility (Zoned Multifamily)

What truly sets this Coral Gables commercial property apart is the adjacent 5,500 SF vacant lot at 211 Menores Avenue. Zoned for multifamily use, this parcel offers immense versatility: utilize it for premium commercial parking today, develop it tomorrow, or hold the complete corner assemblage as a high-value land position.

Unmatched Market Fundamentals & Location

Located on North Ponce de Leon Boulevard, the property benefits from high visibility, consistent traffic counts, and strong neighborhood demographics. As rising commercial real estate costs in Brickell and Coconut Grove drive businesses and residents northward, this corridor has become a primary expansion zone.

Market Insight: Coral Gables retail vacancy sits at an exceptionally low 2.1% with zero new supply under construction. Recent commercial sales along this prominent corridor have traded well above $700 per square foot. Due to the city's strict development controls, available inventory remains highly restricted, making a covered land pedigree like this a truly rare find.