Restaurant with Full Commercial
3138 Coral Way Coral Gables, FL 33145
New
3138 Coral Way, Coral Gables, FL, 33145
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For Sale
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Turnkey restaurant operation with pro-grade kitchen equipment, multiple bars, and two upper-level dining areas.
Property Size7,200 SF
Price / SF$554.86
Days on Market2
Property Features for 3138 Coral Way
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- RETAIL
Listing Agency
Fausto Commercial Realty
(305) 794-1945
Listed by
Ashleen Cruz
Source
Moodyscre
Added: Jul 17 Checked: Jul 18 at 2:34 am
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This fully set up restaurant includes a pro-grade commercial kitchen with significant included equipment and upgrades, along with a grease trap and a pro-grade hood. The buildout features multiple bars and two upper-level dining areas, supporting a high-capacity concept. The property is documented at 217-seat occupancy.
The restaurant is located at 3138 Coral Way in Coral Gables, with connections described to Coral Gables, Brickell, Downtown, and Coconut Grove, and is surrounded by affluent neighborhoods, retail, and dining.
The space was fully remodeled in 2007 and is presented as ready-to-operate. It is noted as eligible for a 4COP SFS liquor license (beer, wine, and liquor). The prior operation, “La Bodeguita,” is referenced with $3M+ in annual revenue at peak.
The restaurant is located at 3138 Coral Way in Coral Gables, with connections described to Coral Gables, Brickell, Downtown, and Coconut Grove, and is surrounded by affluent neighborhoods, retail, and dining.
The space was fully remodeled in 2007 and is presented as ready-to-operate. It is noted as eligible for a 4COP SFS liquor license (beer, wine, and liquor). The prior operation, “La Bodeguita,” is referenced with $3M+ in annual revenue at peak.
Key Highlights
- 217‑seat occupancy capacity and eligible for a 4COP SFS liquor license (beer, wine, liquor).
- Full commercial buildout includes $1M+ kitchen equipment and a pro‑grade hood, plus a grease trap.
- Lighting and sound upgrades totaling $2M+ and multiple bars for a turnkey restaurant operation.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.7k | $27.60 |
| − Vacancy | −$13.9k | −$1.93 |
| EGI | $184.8k | $25.67 |
| − OpEx | −$46.2k | −$6.42 |
| NOI | $138.6k | $19.25 |
7,200 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,607 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$1.11M
$971.6K – $1.30M
NOI $77,729 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,700 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant operation with pro-grade kitchen equipment, multiple bars, and two upper-level dining areas.
Where is this conventional restaurant located?
The property is located at 3138 Coral Way Coral Gables, FL.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 217‑seat occupancy capacity and eligible for a 4COP SFS liquor license (beer, wine, liquor).; Full commercial buildout includes $1M+ kitchen equipment and a pro‑grade hood, plus a grease trap.; Lighting and sound upgrades totaling $2M+ and multiple bars for a turnkey restaurant operation.
