55 Merrick Way Coral Gables, FL 33134
- Retail properties
- 2,700 SF
Current Use by Public Records
- Retail properties
Property Details for 55 Merrick Way
- Year built
- 2008
- Property size
- 2,700 SF
- Property type
- Retail properties
Description
This exceptional retail condo, located at 55 Merrick Way #6 in the heart of Coral Gables, Florida, presents a unique investment opportunity. Boasting approximately 2,700 to 2,800 square feet of ground floor space, this vacant property is ideally situated where Coral Way intersects Douglas Road and transitions into the vibrant Miracle Mile. Built in 2008, the space is designed for immediate occupancy and offers a bright and inviting atmosphere. The ground floor features a spacious reception area, six treatment rooms, a glass-enclosed conference room, a sizable kitchenette, and a private bathroom. Adding to its versatility, two mezzanines, totaling approximately 700 square feet, provide an additional two treatment rooms (each equipped with sinks) and a shared workspace. The property's prime location within the bustling Coral Gables commercial district ensures high visibility and accessibility. The asking price is $2,400,000. While the property is currently vacant, projected completion of planned improvements is anticipated for early 2025. Note that provided images are renderings of the planned improvements. This property is zoned for retail use and offers significant potential for a variety of businesses. The Miami-Dade County location, combined with the prestigious Coral Gables address and proximity to Miracle Mile, makes this a highly desirable investment. The zip code is 33134.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2556
- Latitude
- 25.7509