Marcus & Millichap is proud to present 2701 Ponce de Leon Boulevard, a three story plus mezzanine, office building located in Coral Gables, Florida. This building consists of 22,570 square feet of rentable area. The property is located directly on Ponce de Leon Boulevard, three blocks south of Miracle Mile, the commercial center of Historic Coral Gables. The building's Mediterranean architecture is inspired by George Merrick and exemplifies the character of Coral Gables. Coral Gables is home to more than 100 multinational and regional corporate headquarters in addition to 350 local merchants and restaurants attracting over three million visitors annually. The 2701 Ponce Office Building was built in 1984 with interior and building finishes recently completed in 2021. The building is currently occupied by financial and professional tenants on short-term leases at rents well below market which will allow a new owner to realize significant upside in revenue or to occupy the space as owner user.

The second-floor mezzanine can be expanded by 1,500 square feet to provide additional upside. This asset is extremely easy to manage and would be ideal for any investor or owner to use, given the location, convenience, and overall condition of the property. The subject is zoned MX2- Mixed Use District which allows for a wide range of uses. There are up to 25 parking spaces next to the subject, in addition there are multiple parking alternatives next to this building, including, but not limited to the Plaza at $135 per month, 250 Almeria at $107 per month, and 130 Almeria Avenue and 103 Savilla Avenue available at daily rates.

This central location provides easy access to Miami International Airport (four miles), Brickell financial district (four miles), and Coconut Grove (three miles). The property is immediately north of the soon-to-be completed Plaza, a $705 million mixed-use luxury development. Directly across the street is the revitalized, three-acre Ponce Circle Park.