361 Coral Way Miami, FL 33134
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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