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1586 S Dixie Hwy 3,333 SF of Office/Retail Space Available in Coral Gables, FL 33146
Highlights
- 3,333 Square Foot Building
- Existing Restaurant Infrastructure
- Parking for Up to 22 Vehicles with Additional Street Parking Available
- High-Visibility and Easy Access on US-1 in Coral Gables
- 66,500 average daily traffic
- Near University of Miami, Sunset Place Redevelopment and Much More
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,333 SF | 5-10 Years | $85.00 /SF/YR $7.08 /SF/MO $283,305 /YR $23,609 /MO | Triple Net (NNN) |
1st Floor
Prime Coral Gables retail space for lease on high-visibility South Dixie Highway/US-1. This rare freestanding 3,333 SF commercial building sits on a 10,005 SF lot along one of Coral Gables’ most prominent retail and business corridors, with approximately 66,500 ADT and excellent exposure for retail, restaurant, café, bakery, medical, financial, office, or service-oriented users. Ideally located at 1586 S Dixie Hwy, the property offers exceptional brand visibility, dual access from South Dixie Highway and Madruga Avenue, and on-site parking for up to 22 vehicles, including 15 individual spaces, 3 tandem spaces, and 1 ADA space. Formerly home to the iconic Swensen’s Ice Cream and Misha’s Cupcakes, this landmark Coral Gables location benefits from strong name recognition, easy accessibility, and existing grease trap infrastructure, offering added flexibility for food-service, restaurant, café, dessert, bakery, and quick-service concepts. The property is surrounded by affluent Coral Gables and South Miami neighborhoods and is minutes from the University of Miami, Downtown South Miami, Metrorail, Baptist Health, and the transformational Sunset Place redevelopment. Ownership prefers a bank, national credit tenant, or investment-grade retailer, but will consider other quality users. Excellent opportunity for a tenant seeking a premier standalone retail building for lease in the heart of the US-1 corridor.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Mostly Open Floor Plan Layout
- 1 Private Office
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Security System
- High Ceilings
- Natural Light
- Food Service
- High-Visibility
- Easy Access
- 66,500 average daily traffic
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
| Total Space Available | 3,333 SF | Gross Leasable Area | 3,333 SF |
| Property Type | Retail | Year Built | 1976 |
| Property Subtype | Restaurant | Parking Ratio | 5.7/1,000 SF |
| Total Space Available | 3,333 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,333 SF |
| Year Built | 1976 |
| Parking Ratio | 5.7/1,000 SF |
About the Property
Prime Coral Gables retail space for lease on high-visibility South Dixie Highway/US-1. This rare freestanding 3,333 SF commercial building sits on a 10,005 SF lot along one of Coral Gables’ most prominent retail and business corridors, with approximately 66,500 ADT and excellent exposure for retail, restaurant, café, bakery, medical, financial, office, or service-oriented users. Ideally located at 1586 S Dixie Hwy, the property offers exceptional brand visibility, dual access from South Dixie Highway and Madruga Avenue, and on-site parking for up to 22 vehicles, including 15 individual spaces, 3 tandem spaces, and 1 ADA space. Formerly home to the iconic Swensen’s Ice Cream and Misha’s Cupcakes, this landmark Coral Gables location benefits from strong name recognition, easy accessibility, and existing grease trap infrastructure, offering added flexibility for food-service, restaurant, café, dessert, bakery, and quick-service concepts. The property is surrounded by affluent Coral Gables and South Miami neighborhoods and is minutes from the University of Miami, Downtown South Miami, Metrorail, Baptist Health, and the transformational Sunset Place redevelopment. Ownership prefers a bank, national credit tenant, or investment-grade retailer, but will consider other quality users. Excellent opportunity for a tenant seeking a premier standalone retail building for lease in the heart of the US-1 corridor.
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
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1586 S Dixie Hwy
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