Freestanding Restaurant/Event
For Lease
Contact for pricing
3138 Coral Way, Miami, FL 33145
Freestanding second-generation space with built-in kitchen systems and event-ready dining and bar areas for hospitality uses.
Space Size7,200 SF
Days on Market59
Property Features for 3138 Coral Way
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Restaurant, Retail
Additional Details
Road Access
Yes
Commercial Hood
Yes
Spaces For Lease
at 3138 Coral Way Contact us- Size
- 7,200 SF
- Type
- Restaurant, Retail
Space 1
Listing Agency:
TMT Real Estate
(786) 488-9378
Listed By:
Alfred Munoz · License #BK3474863
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 5 at 11:42AM
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
Investment Insights
Based on property information with market context.
This freestanding second-generation restaurant and event commercial building is approximately 7,200± SF and designed for high-capacity hospitality operations. The space includes multiple bar areas, a commercial kitchen with a professional hood system, and supporting build-out components previously used to run a restaurant and entertainment venue. Upper-level dining and event areas provide a flexible layout that can accommodate a range of service styles. Approved occupancy is approximately 217 seats, with eligibility for 4COP SFS liquor licensing.
Located along Coral Way, a major east-west corridor connecting Coral Gables, Brickell, Coconut Grove, and Downtown Miami, the property benefits from strong street frontage and visibility. The building is positioned for prominent signage opportunities, and its existing hospitality infrastructure reflects prior investment in kitchen and operational systems.
The configuration and installed commercial kitchen and hood system make the building particularly practical for restaurant, hospitality, entertainment, and other adaptive commercial concepts that require meaningful front-of-house and back-of-house capability. The upper-level dining/event space and multiple bar areas can support programming beyond standard dining service, while the existing build-out can help reduce the amount of new work needed to resume operations. Also available for sale under MLS# A11971140.
Located along Coral Way, a major east-west corridor connecting Coral Gables, Brickell, Coconut Grove, and Downtown Miami, the property benefits from strong street frontage and visibility. The building is positioned for prominent signage opportunities, and its existing hospitality infrastructure reflects prior investment in kitchen and operational systems.
The configuration and installed commercial kitchen and hood system make the building particularly practical for restaurant, hospitality, entertainment, and other adaptive commercial concepts that require meaningful front-of-house and back-of-house capability. The upper-level dining/event space and multiple bar areas can support programming beyond standard dining service, while the existing build-out can help reduce the amount of new work needed to resume operations. Also available for sale under MLS# A11971140.
Key Highlights
- Approximately 7,200± SF freestanding second‑generation restaurant/event commercial building available for lease along Coral Way
- Built‑in commercial kitchen infrastructure with professional hood system and multiple bar areas
- Upper‑level dining/event spaces with a flexible, high‑capacity hospitality layout
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,173
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
Market
Lease Benchmarks for Miami, FL
$58.28 /SF/Yr
Avg Asking Price
$28–$77 /SF/Yr
Price Range
6,434 SF
Avg Space Size
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding second-generation space with built-in kitchen systems and event-ready dining and bar areas for hospitality uses.
Where is this conventional restaurant located?
The property is located at 3138 Coral Way Miami, FL.
What are key features of this property?
This property features: Approximately 7,200± SF freestanding second‑generation restaurant/event commercial building available for lease along Coral Way; Built‑in commercial kitchen infrastructure with professional hood system and multiple bar areas; Upper‑level dining/event spaces with a flexible, high‑capacity hospitality layout
