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Retail Space with Loft
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281 Miracle Mile, Coral Gables, FL 33134

Two-level commercial property offers a fitted ground-floor space and a separately entered upper loft.

Property SizeContact for details
Days on Market144

Property Features for 281 Miracle Mile

General Information

Standard status Active
Property subtype Retail, Special Purpose
Occupancy 100%

Additional Details

Frontage 25 ft
Office Units 1

Building Details

Buildings 1
Stories 2
Tenancy Multi
Owner Occupied Yes
Listing Agency: ComReal
Listed By: Stephen Smith · License #3341172
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ComReal

Investment Insights

Based on property information with market context.

Located at 281 Miracle Mile in Coral Gables, this retail property includes a 2,622-square-foot ground-floor commercial area and a 1,150-square-foot second-floor loft. The ground level is currently configured as a fully operating high-end salon, with the owner planning to relocate. Its 14-foot ceiling height and 25 feet of frontage support a prominent storefront presence.

The upper level is fully improved and accessed through a private entrance. It has a 9-foot ceiling height and is currently leased. The loft can accommodate office, studio, creative, or personal care service uses, as supported by the existing configuration. Miracle Mile provides a setting centered on dining, boutique shopping, and meeting venues within the surrounding business and residential community.

Key Highlights

  • 2,622 SF ground‑floor retail area
  • 1,150 SF second‑floor fully improved loft
  • Ground‑floor ceiling height of 14'

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Auto Repair Shop Storage Facility Electrical Service (Bike/Boat/Book/etc) Store

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

1
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

8,774
Businesses Nearby

Demographics for 33134, FL

38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Retail space - Two-level commercial property offers a fitted ground-floor space and a separately entered upper loft.
Where is this retail space located?
The property is located at 281 Miracle Mile Coral Gables, FL.
What are key features of this property?
This property features: 2,622 SF ground‑floor retail area; 1,150 SF second‑floor fully improved loft; Ground‑floor ceiling height of 14'
More about this property
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