Retail Property in Coral Gables Sold for $1.2 Million
A retail property located at 4217 Ponce de Leon Blvd in Coral Gables, Florida, was recently sold for $1.2 million by Remax.
In a recent transaction, Remax, a leading real estate agency, sold a retail property located at 4217 Ponce de Leon Blvd in Coral Gables, Florida, for a price of 1.2 million. The property, which spans 2,900 square feet, was sold at a price per square foot of 413. The sale took place on April 29, 2022.
The retail property is situated in a prime location on Ponce de Leon Blvd in Coral Gables, a highly desirable area known for its upscale shops, restaurants, and vibrant atmosphere. The property offers excellent visibility and exposure, with a high volume of foot and vehicular traffic passing by daily.
The buyer of the property has not been disclosed, but it is likely that they saw the potential in this prime retail location. With its proximity to affluent neighborhoods and a strong local economy, the property presents an attractive investment opportunity.
The seller, Remax, is a well-established real estate agency with a strong presence in the Coral Gables area. They have a track record of successfully marketing and selling properties in this market, and this transaction is another testament to their expertise.
The brokers involved in the deal have not been disclosed, but it is likely that they played a crucial role in facilitating the transaction. Brokers are often responsible for connecting buyers and sellers, negotiating the terms of the deal, and ensuring a smooth closing process.
Overall, the sale of this retail property in Coral Gables for $1.2 million highlights the continued demand for prime commercial real estate in desirable locations. With its attractive features and strong market fundamentals, this property is poised to generate a solid return on investment for the buyer. As the Coral Gables market continues to thrive, we can expect to see more transactions like this in the future.