A standalone commercial building steps from Miracle Mile is on the market, offering an opportunity to acquire a small freestanding property in the heart of downtown Coral Gables.
The property at 333 Alcazar Ave. contains approximately 2,068 square feet of building space on a 2,500-square-foot lot. Built in 1946, the one-story detached building is currently configured with an open floor plan and two restrooms.
The property’s relatively open interior provides flexibility for a future owner to adapt the building for a variety of commercial uses. The listing identifies potential concepts including retail, office, showroom, gallery, medical and restaurant uses, subject to applicable approvals and buildout requirements.
A rear outdoor area provides additional possibilities. According to the listing, the space could potentially accommodate two to three parking spaces or be used for outdoor seating, storage or other supporting uses. Street parking is also identified in the property information.
The building recently completed its 40-year recertification, according to the listing.
Location is a central component of the offering. The property sits just off the commercial activity surrounding Miracle Mile, placing it within walking distance of downtown Coral Gables restaurants, shops, offices and residential developments.
Unlike space within a larger commercial building, 333 Alcazar offers a prospective owner control of a standalone structure and its associated property. That could make the offering of interest to an owner-user seeking a recognizable downtown location as well as an investor considering the site’s longer-term commercial potential.
Miami MLS records accompanying the listing identify the property subtype as retail and show one building and one commercial unit. The site is served by public water and sewer and fronts a city street.
Author: Peter Goff
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