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    361 Coral Way Miami, FL 33134

    For Lease
    $0.11 SF/Yr

    Prime Retail Bay, High Visibility, 6,224 SF

    Lot size:
    6,224 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6,224 square foot retail space is ideally situated on Miracle Mile, offering unparalleled visibility and foot traffic. The updated, dry retail buildout is versatile, suitable for various uses including apparel, salons, wellness centers, health and beauty businesses, or service-oriented retail. The property boasts a highly desirable location within a vibrant commercial district, benefiting from excellent demographics and high vehicular traffic (approximately 37,000 vehicles daily). Ample parking is readily available, with a large city surface lot directly behind the unit, valet parking directly in front, and additional street parking options. The property's strategic position is further enhanced by its proximity to successful neighboring businesses such as Rosa Clara Bridal, Seasons 52, Bellmont Spanish Restaurant, Sundays Coffee/Bakery, La Jamoteca, and Mint Wellness Center. The building is a two-story structure with a 15-foot frontage, situated on a single lot (APN 03-41-08-006-3580) and zoned 5004. The asking price is $55 per square foot, NNN. This is a fantastic opportunity for a business seeking a high-profile location with strong potential for success.

    Property Features for 361 Coral Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,224 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    361
    Size
    6,224 SF
    Rate per SF
    $0.11

    HighLights

    • Prime retail space, 6,224 square feet, on Miracle Mile.
    • Single‑tenant occupancy.
    • High‑visibility location with excellent foot traffic and ample parking nearby.
    • Updated interior suitable for various retail uses.
    • Asking $55/SF NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2619247
    Latitude
    25.7496659

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Bay, High Visibility, 6,224 SF
    Where is this retail property located?
    The property is located at 361 Coral Way Miami, FL.
    What is the lease rate?
    The lease rate is $0.11 SF/Yr.
    What are key features of this property?
    This property features: Prime retail space, 6,224 square feet, on Miracle Mile.; Single-tenant occupancy.; High-visibility location with excellent foot traffic and ample parking nearby.
    Request Owner's contact information
    361 Coral Way Miami, FL 33134
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    Miami, FL 33134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    361 Coral Way Miami, FL 33134
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