Virtual TourMap

For SaleBusinessActive

3138 Coral Way

Miami, FL 33145

$3,500,000

254 Days On Site

  • 7,200Sq Ft
  • $486Per Sq Ft
  • 0.132Acres
  • 1950Built
County
Miami-Dade
MLS®
A11971140

Overview

Freestanding second-generation restaurant/event commercial building located along Coral Way, a major east-west corridor connecting Coral Gables, Brickell, Coconut Grove, and Downtown Miami. The approximately 7,200± SF property offers excellent visibility, strong street frontage, and prominent signage opportunities.

Previously operated as a restaurant and entertainment venue, the building features a flexible high-capacity layout with multiple bar areas, commercial kitchen infrastructure, professional hood system, and upper-level dining and event spaces. Approved occupancy for approximately 217 seats with eligibility for 4COP SFS liquor licensing.

The property includes substantial existing commercial infrastructure, with significant prior investment in kitchen systems, lighting, sound equipment, and build-out components designed to support high-capacity hospitality operations.

This renovated standalone structure is suitable for a restaurant, hospitality, entertainment, retail, showroom, or adaptive commercial uses. Investment potential includes owner-user occupancy, repositioning, or leasing in a high-demand urban corridor with limited freestanding inventory.

The seller may consider owner financing for qualified buyers. Also available for lease. Freestanding Coral Way restaurant/nightlife opportunity with existing kitchen infrastructure, multiple bar areas, strong frontage, and flexible use potential. Also for lease

Listing Snapshot

Price
$3,500,000
Days On Site
254 Days
Bedrooms
N/A
Inside Area (SqFt)
7,200 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
0
Lot Size
0.132 Acres
Year Built
1950
MLS® Number
A11971140
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A

Property Details

General Features

6 items
Levels
Two
Property Sub Type
Business
Security
Fire Sprinkler System, Smoke Detector(s)
SqFt Total
7,200
Style
Detached
Zoning
6101

Community Features

2 items
MLS Area
41
Financing Terms Available
Assumable, Conventional, Owner May Carry

Location

3138 Coral Way, Miami, FL 33145 · 41

$24M$22M
© OpenStreetMap contributors
Open in Google Maps

Neighborhood & Commute

ZIP Code 33145

Median household income
$65,772
Income per person
$42,656
Households
11,196
Average household size
2.53
Median age
43.9

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Price changed to $3,500,000
  3. Listing first seen on site
  4. Status changed to Active

Friends & Family

Similar Homes

For sale in Miami, business, within 20% of this price.

Listing courtesy of TMT Real Estate, LLC. (786) 488-9378

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-06 12:31 AM EST

Powered by Showcase IDX, a Constellation1 company

We use cookies to improve your experience and our marketing. Privacy Policy