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$950,000
XXXX Xxxx Miracle Mile
Coral Gables, FL 33134
MLS# A12063126
6449 sqft


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Property Description
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 AdvantagesThe "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

Details
Contract Information
Comp Sale YN: No
Listing Date: 2026-07-31
Status: Active
Original List Price: 999000
List Price: $950,000
Current Price: $950,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Coral Gables
Municipal Code: 3
Postal Code: 33134
Subdivision Number: 5
Flood Zone: X
Country: United States
Street Number: XXXX
Street Name: Xxxx Miracle Mile
State Or Province: FL
Area: 2410
Parcel Number: 0341170050315
Zoning: 5004
General Property Information
Occupied Area: 2000
Building Area Main: 6449
Year Built: 1930
Currently Not Used
Year Built: 1930
Office/Member Information
DXORIGMLSID: SEF
Documents Available
Inventory: 1
Stock Inventory: 1
Structure Type
Retail: 1
Building and Property Details
% Air Conditioned: 1
Maximum Occupancy: 2000
Business Type
Retail: 1
Sale Includes
Business: 1
Furniture: 1
Inventory: 1
Leases: 1
Trade Name: 1
Special Licenses
City License: 1
Occupational: 1
Listing Terms
Cash: 1
Conventional: 1
Business Details
Total Employees: 1
Year Established: 2011
Years Current Owner: 2011
Lease Term Remaining
1-3 Years: 1
Options Available: 1
Income and Expenses
Gross Income: 350000
Inc/Exp Statement Period: 2025
Insurance Expense: 2424
Source Of Expenses
Books: 1
Showing Requirements
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 147.3
Section Details
Parcel Number MLX: 0315
Financial Information
Tax Legal Description: CORAL GABLES CRAFTS SEC PB 10-40 LOTS 11 & 12 BLK 2 LOT SIZE 50.000 X 120 F/A/U 03-4117-005-0320 OR 18539-0012-18547-1737 0399 5 & OR 18792-
Status Change Information
Major Change Timestamp: 2026-09-03T16:20:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-03T16:20:45Z
Status Change Date: 2026-07-31
Originating Details
Originating System Key: 539173795
Originating System ID: M00000151
Property Features
Business Type: Retail
Documents Available: Inventory; Stock Inventory
Lease Term Remaining: 1-3 Years; Options Available
Sale Includes: Business; Furniture; Inventory; Leases; Trade Name
Special Licenses: City License; Occupational
Source Of Expenses: Books
Listing Terms: Cash; Conventional
Structure Type: Retail
Showing Requirements: Call Listing Agent

IDX
Listing Office: United Realty Group Inc
Source MLS Verified

Last Updated: September - 28 - 2026

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