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3138 Coral Way, Miami, FL 33145

Offering:
For Sale
Location:
Miami, FL 33145
Status:
Active
$3,500,000

Deemed reliable but not guaranteed.

Details
Year built:
1950
Lot size:
5,750 sq ft
Levels:
Two
Stories:
2
Style:
Detached
Days on market:
113
Cumulative days on market:
288
Type:
Business Opportunity
MLS ID
A11971140
Virtual tour:
Listed by:
TMT Real Estate, LLC. (TMTR01)
Listing office phone:
786-488-9378
Listing office email:
Listing agent:
Alfred Munoz (3474863)

Description

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
Price history
$5,500,000 → $3,500,000 · Reduced by $2,000,000 (36.4%) · 4 price changes

Location

3138 Coral Way
Miami, FL 33145

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MLS information

Last updated Jun 17, 2026

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