Home » Properties » 348 Miracle Mile, Coral Gables FL 33134

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Retail Space for Sale at 348 Miracle Mile, Coral Gables

5,702 sqft retail space on Coral Gables' Miracle Mile with elegant facade and 50 feet frontage, ideal for prominent commercial use.

$44,899

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MLS #A11900001

Listing Updated: 2026-07-25 06:24:05

Listed By: Terranova Corp

Overview

This 5,702 sqft retail property is situated on the renowned Miracle Mile in Coral Gables, Florida, offering a prime location for commercial ventures. The space features generous ceiling heights and an elegant facade with nearly 50 feet of street frontage, providing excellent visibility on this popular shopping and dining corridor. Coral Gables is an affluent community known for its upscale atmosphere and presence of multinational corporate headquarters and consulates, making this property a rare opportunity for businesses seeking a prestigious address. The property benefits from multiple parking options including garage, loading spaces, on-street, and valet services, enhancing convenience for customers and staff alike.

Property Highlights

Prime retail space on Miracle Mile, 5,702 sqft, elegant facade, 50 feet frontage, multiple parking options, located in affluent Coral Gables community.

Property Details

City: Coral Gables

State: FL

Zip Code: 33134

Address: 348 Miracle Mile, Coral Gables FL 33134

Year Built: 1946

Property Type: Commercial Sale

Property Sub Type: Retail

Listing Office Name: Terranova Corp

County: Miami-Dade County

Garage Spaces:

Parking Features: Garage, Loading Spaces, On Street, Valet

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $134,006

Days On Market: 248 Days

Original Listing Description

This 5,702 SF retail space is located on famous Miracle Mile in Coral Gables, Florida. The space boasts generous ceiling heights and a magnificent elegant facade with close to 50 feet of frontage on this popular shopping and dining street. This affluent community also is home to multi national corporate headquarters and consulates. Rare opportunity for a large space in the coveted community of Coral Gables, Florida

Property Location

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

348 Miracle Mile, Coral Gables FL 33134

About This Neighborhood

Coral Gables is a well-established, affluent community known for its Mediterranean-style architecture and upscale shopping and dining options. Miracle Mile serves as the vibrant commercial heart of the area, attracting locals and visitors alike. The neighborhood combines residential charm with business activity, hosting multinational companies and consulates. Its tree-lined streets and pedestrian-friendly environment contribute to its desirability for commercial and retail ventures.

Walkability & Lifestyle

Miracle Mile is highly walkable, featuring a variety of restaurants, boutiques, and cafes within easy reach. The area’s pedestrian-friendly design encourages foot traffic, making it convenient for shoppers and visitors. Nearby parks and waterfront areas add to the lifestyle appeal, offering recreational options close to the retail space.

Things To Do Nearby

Coral Gables offers a rich array of activities including fine dining, shopping, cultural events, and waterfront recreation. Miracle Mile hosts numerous boutiques and eateries, while nearby parks and marinas provide outdoor leisure opportunities. The community’s vibrant nightlife and cultural attractions create a dynamic environment for residents and visitors.

Nearby Schools

Coral Gables offers access to several reputable public and private schools, providing educational convenience for families living and working in the area. The community's commitment to quality education enhances its attractiveness for residents and business owners alike, supporting a stable local economy and workforce.

Why Buyers Like This Area

Buyers appreciate this area for its blend of upscale residential living and thriving commercial activity. Miracle Mile’s reputation as a premier retail corridor offers excellent visibility and customer access. The neighborhood’s charm, combined with convenient transportation and amenities, makes it a preferred location for businesses seeking a prestigious address.

Investment Potential

This retail space on Miracle Mile in Coral Gables offers a unique opportunity due to its prominent location and size. The area attracts a steady flow of shoppers and diners, supporting consistent tenant interest. Its proximity to corporate headquarters and consulates enhances demand for commercial properties. While rental income can vary, the property's visibility and accessibility make it appealing to a range of businesses seeking a prestigious address in a thriving community.

Market Trends

The commercial real estate market in Coral Gables remains stable with consistent demand for retail spaces along Miracle Mile. The area's reputation as a premier shopping and dining destination supports long-term interest from businesses. Inventory for large retail spaces is limited, making properties like this one particularly attractive to buyers seeking visibility and accessibility in a prestigious location.

Rental Income Potential

Retail properties on Miracle Mile generally attract a diverse tenant base due to the area's high foot traffic and affluent clientele. Seasonal fluctuations may affect rental demand, but the location's prominence helps maintain steady interest. Businesses benefit from the mix of local residents, tourists, and corporate visitors, which supports rental appeal for various commercial uses.