3138 Coral Way Miami, FL $ 5,500,000
3138 Coral Way
$ 5,500,000
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3138 Coral Way

Miami, FL, 33145
$ 5,500,000
Bedrooms-- Baths-- Sq 7,200

Monthly Estimate*

$ 33,864

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Commercial Property for sale in Miami, FL

for $5,500,000. This 7,200 square foot building was built in 1950.

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.

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Commercial Active

Price

$ 5,500,000

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1950

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11971140

Features
General
Possession Close Of Escrow
Architectural Style Detached
Year Built 1950
Stories Count 2
Levels Two
Property Subtype Retail
County Miami-Dade
Property Type Commercial Sale
Status Active
City Miami
Zoning Description 6101
MLS Area 41
Lot Size Units Square Feet
Lot Size Square Feet 5750
Listing Terms Conventional Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11971140
Standard Status Active
Occupancy Type Vacant
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
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Interior
Total Baths 0
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Exterior
Lot Size Area 5750
Building Area Total 7200
Covered Spaces 0
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* Excluded Features
List By
Tmt Real Estate, Llc.

Broker

ALFRED@TMT.REALESTATE

Email

Affordability Calculator

$33,864
Per Month
100%
0%
0%
Monthly Principal & Interest
$33,864
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/24/2026$5,500,000 Listed Price

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3138 Coral Way, Miami, FL, 33145 is a Commercial Property for sale at $5,500,000 with 7,200 sqft. 3138 Coral Way was built in 1950. The property's zip code is 33145 which is in Miami, FL