1111 Ponce de Leon Blvd - Hospitality FOR SALE


Coral Gables, FL 33134- Douglas
$25,000,000 USD
305-397-8012
1111 Ponce de Leon Blvd, Coral Gables, FL for Sale
$25,000,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1111 Ponce de Leon Blvd
Coral Gables, FL 33134
Douglas


OVERVIEW

• THIS PRIME PROPERTY IS A PROMINENT, STAND-ALONE “ISLAND” PARCEL LOCATED AT 1111 PONCE DE LEON BOULEVARD, FEATURING THE 82-KEY CHATEAUBLEAU HOTEL. SPANNING 43,237 SQUARE FEET OF EXISTING BUILDING AREA ON 32,709 SF OF LAND (0.75 ACRES), THE HOTEL WAS ORIGINALLY CONSTRUCTED IN 1964 AND HAS BEEN FAMILY-OWNED AND OPERATED FOR DECADES, OFFERING A LEGACY OF CONSISTENT HOSPITALITY IN THE HEART OF CORAL GABLES. • THE THREE-STORY STRUCTURE INCLUDES AN OPERATING RESTAURANT, RETAIL/OFFICE STOREFRONTS FRONTING PONCE DE LEON BOULEVARD, A WELCOMING MAIN LOBBY, PRIVATE ON-SITE PARKING, AND A SWIMMING POOL. ITS ESTABLISHED PRESENCE, VISIBILITY, AND CENTRAL LOCATION PROVIDE BOTH STRONG IN-PLACE INCOME AND FUTURE REPOSITIONING OR REDEVELOPMENT POTENTIAL WITHIN A HIGHLY DEMANDED MARKET. • STRATEGICALLY SITUATED ALONG CORAL GABLES’ PRIMARY COMMERCIAL CORRIDOR, THE PROPERTY BENEFITS FROM UNPARALLELED EXPOSURE AND ACCESSIBILITY. THE SITE IS SURROUNDED BY MAJOR LANDMARKS INCLUDING THE PLAZA CORAL GABLES, MIRACLE MILE, AND DOWNTOWN CORAL GABLES, PLACING IT WITHIN WALKING DISTANCE OF LUXURY SHOPPING, FINE DINING, CLASS A OFFICE BUILDINGS, AND UPSCALE RESIDENTIAL DEVELOPMENTS. • INCLUDES 10,000 SF OF COMMERCIAL RESTAURANT / RETAIL AS PART OF THE TOTAL SQUARE FOOTAGE

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$765 USD /SF

# OF ROOMS

82

PRICE/ROOM

$304,878 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chateaubleau Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

MX-3

APN/PARCEL ID

03-4108-009-1830

ASK ABOUT THIS PROPERTY

Julian CanoAvenue Real Estate PartnersMore Info
305-397-8012

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Julian CanoAvenue Real Estate PartnersMore Info
305-397-8012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.