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XXXX Miracle Mile, Coral Gables FL 33134

Commercial For Sale
$999,000

BTC: 12.48750000

ETH: 416.25000000

24 days
0 room(s)

Overview

High-Margin Formalwear Retail & Rental – Immediate Turnkey Opportunity! An exciting opportunity to acquire a well-established, highly specialized formalwear and tuxedo sales and rental business. I & A Formalwear has built a strong reputation and a dependable customer pipeline by solving a major pain point in the formalwear industry: same-day, on-the-spot outfitting. Unlike competing shops that rely on third-party catalogs, off-site warehouses, and lengthy turnaround times, this business operates with an extensive, fully owned in-house inventory. Customers can walk in without an appointment, be professionally fitted in minutes, and walk out ready for a gala, prom, wedding, or black-tie event the very same day. This unique operational model drives high customer satisfaction, strong word-of-mouth referrals, and consistent, high-margin revenue. Investment Highlights & Competitive Advantages The "Same-Day" Competitive Edge: Fully stocked in-house inventory allows for immediate turnaround on rentals and retail sales—capturing lucrative last-minute event traffic that competitors turn away. Dominant "Big & Tall" Niche Specialist: Exceptional selection of hard-to-find extended sizes (sizes 50 up to 70 Extra Large), creating a loyal regional destination for customers who cannot find proper fits at standard chain stores.Premium Designer Brands: Features high-quality, fashionable attire—including designer inventory such as Ralph Lauren—offering classic and contemporary styles

Location

Details

Type:
Business Opportunity
Parking:
No Data
Year Built:
1930
Lot:
No Data
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,680,000
$705K – $3.6M
Confidence Low
List vs. estimate
$681K below estimate
List $999,000 · -40.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $650K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Other Property Information

    • Parcel Number: 03-41-17-005-0315

    • Zoning: 5004

  • Type and style

    • Property Type: Business Opportunity

  • Source details

    • MLS ID: A12063126

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc