Listed By:
This listing is courtesy of TMT Real Estate, LLC.
Address
3138 Coral Way, Miami, FL
Price
$ 3,500,000
Property Attributes
  • MLS#A11971140
  • TypeSingle Family
  • Listing Status Active
  • CountyMiami-Dade
  • CityMiami
  • Area41
  • Zip33145
  • Style
  • Year Built1950
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7200
Data Source:
Southeast Florida MLS (SEFMLS)
Property 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
2/24/2026 Listed $5,500,000
5/18/2026 9$4,999,950
6/1/2026 20$3,999,950
6/17/2026 12$3,500,000

General Features

Possession CloseOfEscrow
Architectural Style Detached
Security Features FireSprinklerSystem,SmokeDetectors
Year Built 1950
Stories Count 2
Levels Two
Property Subtype Business
Business Type Restaurant
County Miami-Dade
Property Type CommercialSale
Status Active
City Miami
Zoning Description 6101
MLS Area 41
Lot Size Units SquareFeet
Lot Size Square Feet 5750
Listing Terms Assumable,Conventional,OwnerMayCarry,Other
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11971140
Structure Type Retail
Standard Status Active
Occupancy Type Vacant
PostalCity Miami
Legal Description AMD MIAMI SUBURBAN AC PB 4-73 LOT 6 LESS ST BLK 3 LOT SIZE 50.000 X 115 OR 20976-1316 0103 1

Exterior Features

Lot Size Area 5750
Building Area Total 7200

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 33145

Price
AVG $1.01M
$3.5M
Year Built
AVG 1962
1950

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