for for a FOR SALE CORAL GABLES DEVELOPMENT SITE 367-371 ALHAMBRA CIRCLE CORAL GABLES, FL 33134
THE OFFERING Foundry Commercial is pleased to exclusively offer for sale a portfolio of two properties located on Alhambra Circle in Downtown Coral Gables. The offering presents a unique opportunity for redevelopment in a desirable Gables location. 367 Alhambra Circle consists of 7,574 SF, two-story building with restaurant space on the ground floor and a travel agency on the second floor. Both tenants would vacate upon closing. 371 Alhambra Circle is a 1,635-SF, one-story restaurant with a short-term lease in place. ±0.17 acre site in prime Coral Gables location with direct frontage on Alhambra Circle Vibrant Downtown Coral Gables location near strong Class A and B office product and high-end residential density Ideal re-development opportunity located in the high-rise development area Walking distance to the newly renovated Miracle Mile and Giralda Plaza and numerous other retailers including restaurants, boutiques, cafes, hotels, banks and entertainment destinations Street parking in front of property Central Miami-Dade County location with easy access to SR 836 and approximately 3 miles from Miami International Airport
PROPERTY HIGHLIGHTS 367 ALHAMBRA CIRCLE, CORAL GABLES, FL PARCEL ID 03-4108-006-2550 371 ALHAMBRA CIRCLE, CORAL GABLES, FL PARCEL ID 03-4108-006-2560 ZONING 6400 COMMERCIAL CENTRAL ZONING 6400 COMMERCIAL CENTRAL USE TOTAL RENTABLE SF ±7,574 1813 OFFICE BUILDING MULTISTORY OFFICE BUILDING USE TOTAL RENTABLE SF ±1,635 2111 RESTAURANT OR CAFETERIA - RETAIL OUTLET LOT SIZE 5,000 SF LOT SIZE 2,500 SF YEAR BUILT 1956 YEAR BUILT 1947
SITE PLANS LE JEUNE ROAD ALHAMBRA CIRCLE
ALSO AVAILABLE FOR SALE SUBJECT PROPERTY LE JEUNE ROAD RIVER CITIES GAZETTE 1,114 SF THAI RAMA SUSHI 1,967 SF POINCIANA FLOWERS 1,121 SF VACANT 1,104 SF CIRCLE BARBER SHOP 544 SF ALHAMBRA CIRCLE VACANT 6,407 SF
AREA HIGHLIGHTS SUBJECT PROPERTY ALHAMBRA CIRCLE LE JEUNE ROAD MIRACLE MILE STATS WITHIN 3 MILE RADIUS 249,134 EST POPULATION 19.5M SF OFFICE SPACE 15,260 BUSINESSES 134,628 EMPLOYEES The Property is located in Downtown Coral Gables This submarket is centrally located and is one of the most affluent suburbs in the Miami metro. The area s primary industries are services, finance, insurance, and real estate. Most of the large office space in the submarket is clustered near the Miracle Mile and Alhambra Circle. Coral Gables is desirable due to its walkability, attractive residential neighbourhoods, and the fact that it has less traffic congestion than downtown Miami and Brickell. Miracle Mile, an upscale retail district lies within walking distance to the Property and recently underwent a $20 million remodel with infrastructure upgrades as well as sidewalk widening in order to increase foot traffic to street-side businesses.
DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 2018 Estimated Population 31,702 249,134 549,216 2023 Estimated Population 33,054 256,902 571,900 Pop Growth 2018-2023 4.26% 3.12% 4.13% 2018 Total Households 13,929 90,616 206,165 Average Household Income $84,289 $70,682 $69,162 Average Age 42.2 42.6 41.3 Median Home Value $399,426 $351,633 $331,338 DAYTIME EMPLOYMENT BUSINESS EMPLOYMENT BY TYPE 1 MILE 3 MILES 5 MILES Retail 291 1,625 4,538 Wholesale 105 350 1,556 Hospitality & Food Service 202 773 1,862 Real Estate, Renting, Leasing 309 915 2,313 Finance & Insurance 519 1,296 2,927 Information 120 383 906 Scientific & Technology Services 1,451 3,137 7,223 Management of Companies 13 34 74 Health Care & Social Assistance 790 3,487 8,676 Education Services 60 311 685 Public Administration & Sales 52 124 710 Arts, Entertainment, Recreation 65 235 523 Utilities 0 2 9 Admin Support & Waste Management 131 536 1,412 Construction 139 581 1,589 Manufacturing 47 236 876 Agriculture, Mining, Fishing 6 11 29 Other Services 304 1,224 2,920
For more information, please contact: RANDY OLEN Principal 786.525.4374 Randy.Olen@foundrycommercial.com COOPER JONES Associate 305.401.3124 Cooper.Jones@foundrycommercial.com 95 Merrick Way, Suite 460 Coral Gables, FL 33134 305.417.7000 foundrycommercial.com Although the information contained herein was provided by sources believed to be reliable, Foundry Commercial makes no representation, expressed or implied, as to its accuracy and said information is subject to errors, omissions or changes.