Freestanding Restaurant with Event
New
For Lease
$65 SF/Yr
3138 Coral Way, Miami, FL 33145
Second-generation restaurant property with commercial kitchen infrastructure, multiple bars, and upper-level dining and event areas.
Space Size7,200 SF
Days on Market5
Property Features for 3138 Coral Way
General Information
Standard status
Active
Size
7,200 SF
Net Rentable
7,200 SF
Space & Availability
Available Space
7,200 SF
Contiguous Space
7,200 SF
Restaurant
Seating Capacity
217
Commercial Hood
Yes
Additional Details
Road Access
Yes
Building Details
Building Size
7,200 SF
Listing Agency:
TMT Real Estate, LLC.
Listed By:
Alfred Munoz · License #BK3474863
(786) 488-9378
Source:
Thepennteam
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 24 at 1:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TMT Real Estate, LLC.
Investment Insights
Based on property information with market context.
Freestanding restaurant and event property available along Coral Way in Miami, with approximately 7,200± SF of existing commercial improvements. The building includes multiple bar areas, a commercial kitchen, professional hood system, upper-level dining and event spaces, and a layout approved for approximately 217 seats. Existing infrastructure includes kitchen systems, lighting, sound equipment, and other hospitality build-out components.
The property is positioned on Coral Way, an east-west corridor connecting Coral Gables, Brickell, Coconut Grove, and Downtown Miami. Prominent signage opportunities and substantial street frontage support the building’s commercial presence. Eligibility for 4COP SFS liquor licensing is also noted, with the existing configuration suited to restaurant and entertainment operations.
The property is positioned on Coral Way, an east-west corridor connecting Coral Gables, Brickell, Coconut Grove, and Downtown Miami. Prominent signage opportunities and substantial street frontage support the building’s commercial presence. Eligibility for 4COP SFS liquor licensing is also noted, with the existing configuration suited to restaurant and entertainment operations.
Key Highlights
- Approximately 7,200± SF freestanding restaurant and event building
- Approved occupancy for approximately 217 seats
- Commercial kitchen with professional hood system
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
NNN (Triple Net)
Lease Type
$9.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Miami, FL
$50.66 /SF/Yr
Avg Asking Price
$3.73–$75 /SF/Yr
Price Range
6,776 SF
Avg Space Size
This space is priced 28% above the average of $50.66 /SF/Yr.
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant property with commercial kitchen infrastructure, multiple bars, and upper-level dining and event areas.
Where is this conventional restaurant located?
The property is located at 3138 Coral Way Miami, FL.
What is the lease rate?
The lease rate is $65 SF/Yr.
What are key features of this property?
This property features: Approximately 7,200± SF freestanding restaurant and event building; Approved occupancy for approximately 217 seats; Commercial kitchen with professional hood system
