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112 - 116 Alhambra Circle - La Palma, Coral Gables, FL

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112 - 116 Alhambra Circle - La Palma

Coral Gables, FL 33134-4531 - Coral Gables Submarket

(799.2 KB)

Property Type:Office Sub Type:- Status:Existing , Renov 2012 Year Built:1924
Stories:3 Typical Floor:12,000 SF Building Size:24,452 SF
For Sale Price:$5,395,000 Price/SF:$220.64
Cap Rate:-
Parking:Ratio of /1,000 SF Amenities:Banking, Bus Line, Signage

Sale Notes:
The "La Palma Building" one of Coral Gables most important Mediterranean Revival historic buildings offers a user or investor the opportunity to re-purpose +/- 19,000 Sq. Ft. of interior space centered around a European courtyard on two floors. The buildings U-Shaped plan and multiple windows radiate 360 degrees of natural light into all of its spaces.The "La Palma Building" features multiple points of entry. The entrance on primary artery Alhambra Circle serves as a focal entry point to the building spaces. The distinctive gated entrance on Galiano St. passes through a beautifully landscaped courtyard with mature trees and water fountain leading to entrances to ground and second floor tenant spaces. The "La Palma" restaurant operates seven days per week. It currently produces $168,265. in net income. Complete Offering Memorandum Available Upon Request.

The "La Palma Building" is located in the Coral Gables Business & Finance District in the City of Coral Gables centered between class "A" office buildings, flag hotels, shopping, restaurants , residential neighborhoods and new multi-family/commercial developments.The "Miracle Mile" retail district and "Giralda Restaurant Row" , are the focus of the $21 Million Dollar "Streetscape" renovation and beautification project, are within easy walking distance from "La Palma".

ComReal Miami - Coral Gables, LLC
John C Lonardo
(305) 213-4050

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