Commercial property in Coral Gables, Florida № 1318970
2
ID1318970
$ 19 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
- Unique Opportunity! - 99 Percent Shovel Ready - Very High Barriers to Entry - Approved for 162 sizeable units. Approved for a perfect and charming residential building, which includes Live/Work spaces on the ground floor, this property offers the flexibility and potential to create a landmark project. The site benefits from close proximity to Miracle Mile, Downtown Coral Gables, and major highways, providing easy access to Miami International Airport, Brickell, and Coconut Grove. With its strategic location, high visibility, and the enduring appeal of Coral Gables, 912 E Ponce de Leon is a rare opportunity for developers looking to make a significant impact in one of South Florida’s most sought-after markets.MLS #: A11641282
Coral Gables - Statistics
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| Parameters | Coral Gables |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 3 097.50 |
| Apartment (1 bedroom) Outside of Centre | $ 2 030.00 |
| Apartment (3 bedrooms) in City Centre | $ 4 800.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 495.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 10 037.35 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 12 378.50 |
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| Parameters | Coral Gables |
|---|---|
| Rent Index | 64.59 |
| Restaurant Price Index | 81.37 |
| Property Price to Income Ratio | 9.61 |
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| Parameters | Coral Gables |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 15.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 80.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 12.00 |
| Domestic Beer (0.5 liter draught) | $ 6.50 |
| Imported Beer (0.33 liter bottle) | $ 7.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.50 |
| Water (0.33 liter bottle) | $ 2.07 |
| Cappuccino (regular) | $ 5.00 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.19 |
| Loaf of Fresh White Bread (500g) | $ 4.19 |
| Eggs (regular) (12) | $ 3.99 |
| Local Cheese (1kg) | $ 20.47 |
| Water (1.5 liter bottle) | $ 1.23 |
| Bottle of Wine (Mid-Range) | $ 18.50 |
| Domestic Beer (0.5 liter bottle) | $ 1.65 |
| Imported Beer (0.33 liter bottle) | $ 2.67 |
| Cigarettes 20 Pack (Marlboro) | $ 5.75 |
| Apples (1kg) | $ 5.51 |
| Chicken Fillets (1kg) | $ 12.16 |
| Oranges (1kg) | $ 5.05 |
| Potato (1kg) | $ 2.20 |
| Lettuce (1 head) | $ 2.46 |
| Rice (white), (1kg) | $ 4.56 |
| Tomato (1kg) | $ 5.88 |
| Banana (1kg) | $ 1.57 |
| Onion (1kg) | $ 3.04 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 16.74 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.25 |
| Monthly Pass (Regular Price) | $ 112.50 |
| Gasoline (1 liter) | $ 0.78 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 18 230.00 |
| Taxi Start (Normal Tariff) | $ 2.95 |
| Taxi 1km (Normal Tariff) | $ 2.36 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 21 427.00 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 167.01 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 60.00 |
| $ 40.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 5 833.33 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 269.00 |
| Cinema, International Release, 1 Seat | $ 16.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 54.75 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 37.50 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 87.67 |
| 1 Pair of Men Leather Business Shoes | $ 100.00 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 840.00 |
| International Primary School, Yearly for 1 Child | $ 43 300.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityCoral Gables
Address912 E Ponce, Coral Gables FL 33134
TypeCommercial property
Price
- Price
- per m²
$ 19 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
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