“Portfolio” Ground Floor Retail & Second Floor Loft on Miracle Mile Available for Sale

Written by Jacqueline Coleman

September 20, 2021

The ComReal Miami-Coral Gables team is proud to present a prime property for sale in the heart of the Coral Gables business & retail district. The 281 Miracle Mile “Portfolio” Building is an opportunity to acquire valuable real estate in one of South Florida’s most prominent business and residential communities. “Miracle Mile” is the downtown Central Business District’s main promenade for fine and casual dining, boutique shopping, and popular meeting venues. In 2018, the $21 Million “Streetscape” debuted revitalizing the Mile with a pedestrian promenade, public space, dining al fresco, landscaping, and art.

The ground floor of the Portfolio property is 2,622 SF and available for a variety of commercial uses. It is currently a fully operating high-end salon. The owner is to relocate.

A 1,150 SF second floor has a fully improved “loft” space with a private entrance that can be used for office, studio, creative space, personal care services, etc. The second floor is currently leased.

The city of Coral Gables recently passed an amendment to the MX-2 zoning ordinance allowing development to a four-story building height with no requirement for on-site parking for properties facing Miracle Mile. It intends to expand and support the formation of a more vibrant business district and residential downtown. This property presents a perfect opportunity for someone who wants to be a part of the growing Downtown Coral Gables area.

 

Offering Summary:

Sale Price: Contact Us

Building Size: 3,772 SF

Lot Size: 2,775 SF

Ceiling Heights:

Ground Floor: 14’

2nd Floor Loft: 9’

Renovated: 2011

Zoning: MX-2 Mixed-Use

Market: South Florida

Submarket: Coral Gables

 

For more information about this property and others in Coral Gables, please contact

John Lonardo, CCIM at 305.213.4050, jlonardo@comreal.com

Or

Lisa Tenn at 305.978.9455, ltenn@comreal.com.

You May Also Like…