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