Search

3138 Coral Way, Miami, FL 33145

$3,500,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11971140

Property Type: Commercial Sale Square Footage: 7,200 Status: Active

Current Price: $3,500,000 List Date: 2/24/2026 Last Modified: 7/09/2026

Overview

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, o ... (Read more)

Listing Details MLS# A11971140

General Property Information

Property Sub Type: Business
Occupant Type: Vacant
Building Area Main: 7200
Year Built: 1950
Lot Size Area: 5750
Lot Size Acres: 0.13

Property Features

Building Features: Free Standing Business Type: Arts and Entertainment; Restaurant; Retail Location of Property: Central Business District; City Location Possession: Close Of Escrow Sale Includes: Fixtures; Furniture; Inventory; Machinery Listing Terms: Assumable; Conventional; Owner Will Carry; Other Security Features: Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Structure Type: Retail Showing Requirements: Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 5500000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 3138
Street Name: Coral
Street Suffix: Way
City Name: Miami
State Or Province: FL
Postal Code: 33145
Postal Code +4: 3106
Area: 2410
Parcel Number: 0141160090590
Subdivision Number: 9
Multiple Offers Accepted: Yes
Zoning: 6101
Flood Zone: X

Financial Information

Tax 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

Status Change Information

Major Change Timestamp: 2026-06-17T14:44:49Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-17T14:44:49Z
Status Change Date: 2026-02-24

More Information

Price Calculations

Current Price To SqFt: 486.11

Section Details

Parcel Number MLX: 0590

Originating Details

Originating System Key: 428784498
Originating System ID: M00000151

Listing Office: TMT Real Estate, LLC.

Last Updated: July - 09 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

3138 Coral Way, Miami, FL 33145 (MLS# A11971140)