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262 Miracle Mile
2,510 SF of Retail Space Available in Coral Gables, FL 33134
Highlights
- Great access to Coral Way
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,510 SF | 9’2” | 5-10 Years | $70.00 /SF/YR $5.83 /SF/MO $753.47 /m²/YR $62.79 /m²/MO $14,642 /MO $175,700 /YR | Triple Net (NNN) |
1st Floor
Top Retail Opportunity on Miracle Mile, Coral Gables Unlock the potential of your business with a prime retail space in the bustling heart of Coral Gables. This high-visibility location, nestled in the most frequented area of Miracle Mile, offers unparalleled exposure and foot traffic. 2nd floor offers 1,221 at no extra cost. Location Highlights: • Situated directly on the Pass Thru to the Andalusia Garage • Surrounded by top retail tenants: Starbucks, The Miracle Theatre, Massage Envy, Vinya Table, Frattelino’s Restaurant, Haagen- Dazs, and Snows Jewelers • Excellent demographics with approximately 37,000 vehicles passing by daily • Ground floor space: 2,100 sq. ft. Gross Leasable Area (GLA) • Second floor space of 1221 SF features: a spacious kitchen, two office spaces, and storage. • Existing dry retail buildout suitable for apparel, salons, wellness, health/beauty, and service retail • Outstanding parking options: adjacent Andalusia Garage, valet parking, and ample street parking
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Corner Space
- Plug & Play
- After Hours HVAC Available
- Finished Ceilings: 9’2”
- Hardwood Floors
- • High-visibility location with heavy foot traffic
- • Join Top regional and national Tenants here
- • Available for the first time in over 20 years
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 262 Miracle Mile , Coral Gables, FL 33134
| Property Type | Retail | Gross Leasable Area | 2,510 SF |
| Property Subtype | Storefront | Year Built | 1930 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,510 SF |
| Year Built | 1930 |
About the Property
Top Retail Opportunity on Miracle Mile, Coral Gables Unlock the potential of your business with a prime retail space in the bustling heart of Coral Gables. This high-visibility location, nestled in the most frequented area of Miracle Mile, offers unparalleled exposure and foot traffic. Location Highlights: • Situated directly on the Pass Thru to the Andalusia Garage • Surrounded by top retail tenants: Starbucks, The Miracle Theatre, Massage Envy, Vinya Table, Frattelino’s Restaurant, Haagen-Dazs, and Snows Jewelers • Excellent demographics with approximately 37,000 vehicles passing by daily Property Details: • Ground floor space: 2,510 sq. ft. Gross Leasable Area (GLA) Second floor space of 821 RSF also suitable for Retail Use • Second floor features: a spacious kitchen, two office spaces, and storage, but is suitable for Retail use and included free of charge. • Existing dry retail buildout suitable for apparel, salons, wellness, health/beauty, and service retail • Outstanding parking options: adjacent Andalusia Garage, valet parking, and ample street parking
- 24 Hour Access
- Security System
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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William Kerdyk -
John Guzzo -
Kerdyk Real Estate
Presented by
262 Miracle Mile
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