Home » Properties » 137 Miracle Mile, Coral Gables FL 33134

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137 Miracle Mile, Coral Gables FL 33134 Commercial Sale

Prime commercial property at 137 Miracle Mile offers 4100 sqft in Coral Gables' vibrant dining district.

$37,252

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MLS #A11899930

Listing Updated: 2026-07-25 06:20:32

Listed By: Terranova Corp

Overview

Located in the heart of Coral Gables’ sought-after Miracle Mile, 137 Miracle Mile presents a unique commercial opportunity. This 4100 sqft space, formerly Panera Bread, features 30 feet of frontage and generous outdoor seating, ideal for restaurant or entertainment use. Positioned on the 100th block, the property benefits from a charming pedestrian atmosphere and proximity to popular dining establishments such as Buccan, Fuku, Maman, and Moxies. The location’s neighborhood feel and steady foot traffic make it a compelling choice for businesses aiming to establish a presence in this vibrant community.

Property Highlights

Prime location on Miracle Mile; 4100 sqft interior space; 30 ft frontage; ample outdoor seating; near popular restaurants; pedestrian-friendly area; ideal for restaurant or entertainment use.

Property Details

City: Coral Gables

State: FL

Zip Code: 33134

Address: 137 Miracle Mile, Coral Gables FL 33134

Year Built: 1950

Property Type: Commercial Sale

Property Sub Type: Restaurant/Entertainment

Listing Office Name: Terranova Corp

County: Miami-Dade County

Garage Spaces:

Parking Features: On Street, Valet

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $69,077

Days On Market: 248 Days

Original Listing Description

137 Miracle Mile, previously Panera Bread, is located in the center of the 100th block of the coveted Miracle Mile. The Mile is known for its neighborhood feel, charming pedestrian path, and dining scene. Co-tenants on the 100th block include Buccan, Fuku, Maman and Moxies. 137 Miracle Mile offers 4100 sqft of interior space, 30 ft of frontage, and ample outside seating for your diners.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

137 Miracle Mile, Coral Gables FL 33134

About This Neighborhood

Miracle Mile in Coral Gables is a distinguished commercial corridor celebrated for its blend of retail, dining, and pedestrian charm. The 100th block, home to 137 Miracle Mile, features a neighborhood atmosphere with a variety of restaurants and shops that attract both locals and visitors. Its walkable streets and curated tenant mix create a welcoming environment that supports business visibility and customer engagement. This neighborhood is recognized for maintaining a balance between historic character and modern amenities.

Walkability & Lifestyle

Miracle Mile is renowned for its pedestrian-friendly design, featuring wide sidewalks and a charming streetscape that encourages walking. Residents and visitors enjoy easy access to a variety of restaurants, shops, and entertainment venues within walking distance. The area’s walkability enhances daily convenience and supports a vibrant street life. Nearby parks and waterfront areas add to the lifestyle appeal, providing options for outdoor activities and relaxation.

Things To Do Nearby

The Miracle Mile district offers an array of dining experiences, from casual eateries to upscale restaurants. Visitors can enjoy waterfront views, cultural attractions, and boutique shopping nearby. Recreational opportunities include strolling along pedestrian paths, visiting local galleries, and exploring nearby parks. The area’s vibrant nightlife and entertainment options contribute to a well-rounded lifestyle. Boating and golf are accessible within a short drive, complementing the active lifestyle of Coral Gables residents.

Nearby Schools

Coral Gables offers access to a range of educational institutions, providing convenience for families and employees in the area. The neighborhood’s schools are part of a respected district known for quality education. Proximity to schools adds to the community-oriented feel of Miracle Mile, supporting a balanced lifestyle for residents and workers alike. Educational access complements the commercial vibrancy of the area, making it attractive for those relocating or investing.

Why Buyers Like This Area

Buyers appreciate Miracle Mile for its unique combination of historic charm and modern amenities. The area’s walkable streets and established dining scene create a lively yet comfortable environment. Its central location within Coral Gables offers easy access to major roads and nearby neighborhoods. The property’s ample frontage and outdoor seating space are attractive features for businesses aiming to capitalize on foot traffic. Overall, the neighborhood’s balance of community feel and commercial vitality makes it a sought-after location.

Investment Potential

137 Miracle Mile offers a strategic location within Coral Gables’ vibrant Miracle Mile district, known for its steady foot traffic and established dining scene. This commercial space appeals to buyers seeking a well-positioned property with strong tenant interest potential. The area’s mix of popular restaurants and pedestrian-friendly environment supports consistent customer flow, enhancing the property’s usability for restaurant or entertainment purposes. While income is not guaranteed, the location’s appeal suggests solid demand for quality commercial space.

Market Trends

The Coral Gables commercial real estate market continues to attract interest due to its prime locations like Miracle Mile. Demand for well-located restaurant and entertainment spaces remains steady, supported by the area’s established dining culture and pedestrian traffic. Inventory in this sought-after district is competitive, reflecting the desirability of properties that offer both indoor and outdoor seating options. Long-term interest in Miracle Mile properties is sustained by Coral Gables’ reputation as a vibrant business hub.

Rental Income Potential

This commercial property’s location on Miracle Mile positions it well for attracting tenants interested in restaurant or entertainment ventures. The area’s popularity with diners and visitors supports seasonal and year-round demand. While rental income can vary, the property’s frontage and outdoor seating enhance its appeal to potential tenants. Its proximity to other successful eateries encourages steady tenant interest, making it a practical option for those considering leasing opportunities.