Listed by TMT Real Estate, Luxury Level Realty Group, LLC.
$3,500,000
3138 Coral Way
Details
APN 01-41-16-009-0590
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 7,200
Tenancy Vacant
Broker Co-Op Yes
Class A
Year Built 1950
Year Renovated 2007
Stories 2
Lot Size (SqFt) 5,750
Zoning 6101
Freestanding two-level commercial building located along Coral Way
Marketing 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
Investment highlights
• Freestanding commercial asset in high-traffic Coral Way corridor
• Strategic location connecting Coral Gables, Brickell, Coconut Grove, and Downtown Miami
• Limited supply of standalone buildings in dense urban submarket
• Approx. 7,200± SF two-level flexible layout
• High-capacity configuration (217 approved occupancy)
• Eligible for 4COP SFS liquor licensing
• Substantial multi-million dollar prior investment in commercial kitchen systems, lighting, sound, and interior build-out
• Suitable for owner-user occupancy, lease-up strategy, or repositioning
• Seller financing may be available for qualified buyers
Listing Contacts
Listed by TMT Real Estate, Luxury Level Realty Group, LLC.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?

