Retail Space For Lease @ 281 Miracle Mile

The 281 Miracle Mile Portfolio Building is an opportunity to acquire valuable real estate in one of South Florida's most prominent business and residential communities. The property has 25 feet of frontage on Miracle Mile. The "Miracle Mile" is the downtown "Central Business District's main promenade for fine and casual dining, boutique shopping, and popular meeting venues. In 2018, the $21 Million "Streetscape" debuted revitalizing the "Mile" with a pedestrian promenade, public space, dining al fresco, landscaping and art. The ground floor, 2,622 SF, is well appointed and available for a variety of commercial uses. It is currently a fully operating high end salon. Owner to relocate. A 1,150 SF 2nd floor fully improved "loft" space with a private entrance can be used for office, studio, creative space, personal care services, etc. The second floor is currently leased.

The City recently passed an amendment to the MX-2 zoning ordinance allowing development to four story building height with no requirement on-site parking for properties facing Miracle Mile. It intends to expand and support the formation of a more vibrant business district and residential downtown. See page 14 for the Coral Gables Zoning Code for MX-2 District Regulations and Ordinances and Table of permitted uses. This space offers accomodations for: street retail.