$4,999,950

3138 Coral Way, Miami FL 33145

Retail
Built in 1950
5,750 Square Feet lot
83 days on market

About this property

Freestanding two-level 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.

Property Details

Exterior

  • Waterfront: No

Interior

  • Building Area Total: 7200
  • Stories: 2

Location

  • City: Miami
  • County: Miami-Dade County
  • State: FL
  • Zoning: 6101

Construction

  • New Construction: No

Public Info

  • Lot Size: 5,750 Square Feet
  • Year Built: 1950
  • APN: 01-41-16-009-0590

Price History

5/18/2026 Listed for Sale
Source: Miami REALTORS®
$4,999,950
12/3/2020 Sold
Source: Miami REALTORS®
$3,500,000
$3/sqft

Walk Score

Walk Score
89
Walk Score®
Very Walkable
Transit Score
45
Transit Score®
Some Transit
Full Walk Score
Bike Score
60
Bike Score®
Bikeable
Kevin McCarthy
Kevin McCarthy
RACVantage Managing Broker | Commercial Real Estate Advisor






    By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.






      By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.