Freestanding Restaurant with Event
3138 Coral Way, Miami, FL 33145
For Lease
$65 SF/Yr
Second-generation restaurant property with commercial kitchen infrastructure, multiple bars, and upper-level dining and event areas.
Space Size7,200 SF
Days on Market50
Property Features for 3138 Coral Way
General Information
Standard status
Size
Net Rentable
Space & Availability
Available Space
Contiguous Space
Site & Location
Neighborhood
Road Access
Restaurant
Seating Capacity
Commercial Hood
Building Details
Building Size
Listing Agency:
TMT Real Estate, LLC.
Listed By:
Alfred Munoz · License #BK3474863
(786) 488-9378
Source:
Thepennteam
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 7 at 4:43PM
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.
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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
Who owns this building?
See the owner, sales and loan history
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Miami, FL
$63.99 /SF/Yr
Avg Asking Price
$3.73–$135 /SF/Yr
Price Range
6,573 SF
Avg Space Size
This space is priced 2% above the average of $63.99 /SF/Yr.
Average Price Trend$/SF/Yr for Conventional restaurants in Miami, FL
Properties on Market for Conventional restaurants in Miami
Vacancy Rate% for Retail in Miami, FL
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
