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Turnkey Ground-Floor Retail-Office Suite
For Lease
$6,500/Mo

301 Altara Ave, Coral Gables, FL 33146

COMMERCIAL - Coral Gables, FL

Space SizeContact for details
Property Size1,044 SF
Lot Size0.02 Acres
Days on Market93

Property Features for 301 Altara Ave

General Information

Property type Commercial Lease
Property subtype Retail
Zoning description 6400
Subdivision 41
Standard status Active
APN 03-41-20-074-2720
Lot size 0.02 Acres

Taxes and HOA fees

Tax Description MERRICK MANOR CONDO UNIT CU-3G UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 31383-3897
Tax Annual Amount 16056
HOA Fee $1,070 Monthly
Legal Description MERRICK MANOR CONDO UNIT CU-3G UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 31383-3897

Building Details

Year built 2019
Flooring type Tile - Ceramic
Building materials Block
Listing Agency: Optimar International Realty
Listed By: Pola Berggrun · License #0508805
Added: May 5 Changed: Aug 4 Last Checked: Aug 5 at 10:06PM
MLS# A12012876

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This ground-floor commercial suite at Merrick Manor is offered turnkey and ready for immediate business use. The space includes a reception area, waiting space, one bathroom, and a small kitchenette, creating a functional setup for both customer-facing retail and professional office operations. The offering represents 1,044 square feet formed by four combined units (CU-3G, CU-3H, CU-3I, and CU-3J), allowing for a cohesive layout under a single tenancy.

Situated in the heart of Coral Gables within Merrick Manor, the suite is positioned for customer access and visibility. The property features 227 upscale residences and approximately 20,000 square feet of ground-floor retail, including tenants such as a nail spa and a fitness center. The listing notes strong foot traffic and visibility, with valet parking available for added convenience. The center is located near The Shops at Merrick Park and major intersections including Le Jeune Rd and Bird Rd.

For tenants seeking a ready-to-operate space with a built-in guest flow, the reception and waiting areas support front-desk services, appointments, and walk-in traffic. The kitchenette adds practicality for day-to-day use, whether the space is operated as a small retail concept or a professional office. With its combined unit configuration and existing improvements, the suite is designed to help minimize upfront setup time.

Key Highlights

  • Ground‑floor commercial unit at Merrick Manor in Coral Gables for sale or lease
  • 1,044 SF space combining CU‑3G, CU‑3H, CU‑3I, and CU‑3J
  • Reception area, waiting space, one bathroom, and a small kitchenette

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Electrical Service Tattoo & Piercing Shop Locksmith Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
$11.21 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,723
Businesses Nearby

Demographics for 33146, FL

16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value

Market

Lease Benchmarks for Coral Gables, FL

$26.69 /SF/Yr
Avg Asking Price
$0.65–$68 /SF/Yr
Price Range
17,932 SF
Avg Space Size

This space is priced 180% above the average of $26.69 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Turnkey ground-floor suite with reception, waiting area, bathroom, and kitchenette, plus valet parking for convenient access.
Where is this retail space located?
The property is located at 301 Altara Ave Coral Gables, FL.
What is the lease rate?
The lease rate is $6,500/Mo.
What are key features of this property?
This property features: Ground‑floor commercial unit at Merrick Manor in Coral Gables for sale or lease; 1,044 SF space combining CU‑3G, CU‑3H, CU‑3I, and CU‑3J; Reception area, waiting space, one bathroom, and a small kitchenette
More about this property
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