Home » Properties » 204 Miracle Mile, Coral Gables FL 33134

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204 Miracle Mile Retail Space in Coral Gables

2442 sqft retail space on Miracle Mile, Coral Gables with high ceilings and strong daytime foot traffic near Hillstone Restaurant.

$23,997

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MLS #A11900293

Listing Updated: 2026-07-25 12:24:00

Listed By: Terranova Corp

Overview

This 2442 sqft retail property is situated on the renowned Miracle Mile in Coral Gables, Florida. Built in 1950, the space features generous ceiling heights and 16 feet of frontage, ideal for retail visibility. Its location benefits from a strong daytime population thanks to nearby offices and an affluent residential community. Positioned diagonally from the popular Hillstone Restaurant at the corner of Ponce De Leon Blvd and Miracle Mile, this retail space offers excellent exposure and accessibility for businesses seeking a vibrant commercial environment.

Property Highlights

2442 sqft retail space; Located on Miracle Mile; 16 ft frontage; High ceilings; Near Hillstone Restaurant; Strong daytime population; Built in 1950; Parking includes garage under building, on-street, and valet.

Property Details

City: Coral Gables

State: FL

Zip Code: 33134

Address: 204 Miracle Mile, Coral Gables FL 33134

Year Built: 1950

Property Type: Commercial Sale

Property Sub Type: Retail

Listing Office Name: Terranova Corp

County: Miami-Dade County

Garage Spaces:

Parking Features: Garage-Under Building, On Street, Valet

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $339,732

Days On Market: 248 Days

Original Listing Description

This 2442 SF retail space is located on famous Miracle Mile in Coral Gables, Florida. The space boasts generous ceiling heights, 16 feet of frontage, and strong daytime population due to its proximity to surrounding office and affluent residential community. 204 Miracle Mile sits diagonal from the very popular Hillstone Restaurant on the corner of Ponce De Leon Blvd and Miracle Mile.

Property Location

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

204 Miracle Mile, Coral Gables FL 33134

About This Neighborhood

Located in Coral Gables, Miracle Mile is a well-known commercial corridor featuring a mix of retail, dining, and office spaces. The neighborhood is characterized by upscale residential communities and a strong local economy. Its central location provides easy access to major roads and nearby business districts, contributing to a dynamic and attractive environment for retail operations.

Walkability & Lifestyle

Miracle Mile is a highly walkable area with numerous restaurants, shops, and entertainment venues within easy reach. The proximity to residential neighborhoods and office buildings encourages pedestrian traffic, enhancing the vibrancy of the commercial corridor. Nearby parks and waterfront areas add to the lifestyle appeal.

Things To Do Nearby

Residents and visitors enjoy a variety of activities around Miracle Mile including dining at popular restaurants like Hillstone, shopping at boutique stores, and attending cultural events. The nearby waterfront and parks offer outdoor recreation, while the area's nightlife and entertainment options provide a well-rounded urban experience.

Nearby Schools

Coral Gables offers access to a variety of educational institutions ranging from public schools to private academies. Families and employees in the area benefit from convenient school options, contributing to the neighborhood's desirability for residents and workers alike.

Why Buyers Like This Area

Buyers appreciate this location for its established commercial presence, strong foot traffic, and proximity to affluent residential areas. The property’s visibility on Miracle Mile and access to parking options make it a practical choice for retail businesses. The neighborhood’s blend of amenities and accessibility enhances its overall appeal.

Investment Potential

This retail space on Miracle Mile benefits from a prime location in Coral Gables, attracting steady daytime traffic from nearby offices and affluent residents. Its prominent frontage and proximity to popular dining establishments enhance its appeal for businesses. The area’s established commercial environment supports tenant interest, making it a practical option for buyers considering retail opportunities in a vibrant urban setting.

Market Trends

The Coral Gables retail market remains steady with consistent demand for well-located commercial properties. Miracle Mile continues to attract businesses due to its visibility and foot traffic. Inventory levels support a balanced market, appealing to buyers seeking established retail locations within a thriving urban neighborhood.

Rental Income Potential

Retail spaces on Miracle Mile generally attract a diverse tenant base due to the area's strong daytime population and commercial activity. The location near offices and upscale residences supports steady tenant interest. While rental income can vary, the property's visibility and accessibility contribute to its appeal for leasing opportunities.