Nina Mormina - Preferred Properties Int'l Realty, Inc Logo
$3,500,000
( $486.11Per Sq Foot )
 $18,789 est/mo Sourced by Back At You

3138 Coral Way,Miami, FL 33145

Miami, FL 33145

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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

Details

MLS #A11971140
Listing TypeFor Sale
StyleBusiness
Sub-TypeResale
StatusActive
Year1950
Days On Site237
Listing Provided ByTMT Real Estate, LLC. | Alfred Munoz

Features

SQ Feet7,200
Zoning6101
Acreage0.13

Exterior

Lot FeaturesCentral Business District, City Lot

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33145
Area2410
Listing VS Median (in 33145)
Price:
$3,500,000
low | high
Med:
$329,500
100% of Average
sqft:
7,200
low | high
Med:
760
100% of Average
$ / sqft:
$486
low | high
Med:
$434
60.800721884498% of Average
On site:
237
low | high
Med:
98
100% of Average
Sourced by Back At You

Market Activity 33145

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Learn More About This Property

Nina Mormina

Nina Mormina

Preferred Properties Intl Realty Inc

BK704943 (786) 525-0500nina@investsouthflorida.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33145
Area2410
Listing VS Median (in 33145)
Price:
$3,500,000
low | high
Med:
$329,500
100% of Average
sqft:
7,200
low | high
Med:
760
100% of Average
$ / sqft:
$486
low | high
Med:
$434
60.800721884498% of Average
On site:
237
low | high
Med:
98
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.625M - $4.375M
sqft: 5,000 - 9,000
Nearby Listings Property ImageNearby Listings Details
2971 Coral Way Property Photo 1
$2,899,000
2971 Coral Way
Miami, FL 33145
Listing Updated: September 29, 2026 at 1:30:08 AM PDT

Nina Mormina - Preferred Properties Int'l Realty, Inc