Price Check
How this price compares
- List price
- $3,500,000
- Price per sq ft
- N/A
- Original price
- $5,500,000
- Days on market
- 135
This commercial property in ZIP 33145 is listed at $3,500,000. The asking price has come down 36.4% from its original $5,500,000. It has been on the market for 135 days.
Estimated monthly payment
$18,394 /mo
Principal and interest only, based on $700,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $3,500,000
- Days on Site
- 135 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 7,200 sqft
- Lot Size
- 0.13 Acres
- Year Built
- 1950
- Property Type
- Commercial
- MLS #
- A11971140
- County
- Miami Dade
- Status
- Active
About This Property
Freestanding second-generation restaurant/event 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. Also available for lease. Freestanding Coral Way restaurant/nightlife opportunity with existing kitchen infrastructure, multiple bar areas, strong frontage, and flexible use potential. Also for lease
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1950
- Lot Size (Acres)
- 0.13
- Total Sq Ft
- 7,200
- Structure Type
- Retail
- Zoning
- 6101
Exterior Features
- Lot Features
- Central Business District / City Lot
Community & HOA
- Security
- Fire Alarm / Fire Sprinkler System / Smoke Detectors
- Financing Terms
- Assumable / Conventional / Owner Will Carry / Other
- MLS Area
- 2410
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 3138 Coral Way, Miami, FL 33145?
- Use the Tour button on this listing to request a showing of 3138 Coral Way, Miami, FL 33145. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 3138 Coral Way, Miami, FL 33145 still available?
- 3138 Coral Way, Miami, FL 33145 is currently listed as Active, and has been on the market 135 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 3138 Coral Way, Miami, FL 33145?
- With 20% down ($700,000) on the $3,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 3138 Coral Way, Miami, FL 33145 is about $18,394/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 3138 Coral Way, Miami, FL 33145?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 3138 Coral Way, Miami, FL 33145. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 3138 Coral Way, Miami, FL 33145?
- Often, yes. The right offer on 3138 Coral Way, Miami, FL 33145 depends on how it's priced against comparable commercial sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of TMT Real Estate, LLC.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$3,500,000
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Listed by Alfred Munoz, TMT Real Estate, LLC.
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Recent Sales
Recently sold homes in ZIP 33145
These are the last 6 recorded closings in ZIP 33145, with the price each home actually sold for rather than what it was listed at. They closed at a median of $621 per square foot. The most recent closed on October 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$855,000
Sold · October 15, 2026
2301 SW 22nd Avenue
3 bed · 2 bath · 1,498 sqft · $571/sqft
$20,000 under the asking price
Sold$1,200,000
Sold · October 14, 2026
3210 SW 19th Terrace
3 bed · 2 bath · 1,549 sqft · $775/sqft
$100,000 under the asking price
Sold$950,000
Sold · October 9, 2026
1885 SW 21st Terrace
3 bed · 2 bath · 2,680 sqft · $354/sqft
$85,000 under the asking price
Sold$1,325,000
Sold · October 7, 2026
1419 SW 14th Terrace
3 bed · 2.5 bath · 2,132 sqft · $621/sqft
$70,000 under the asking price
Sold$1,100,000
Sold · October 6, 2026
2831 SW 21st Terrace
3 bed · 3 bath · 1,855 sqft · $593/sqft
$100,000 under the asking price
Sold$1,455,000
Sold · October 5, 2026
1760 SW 16th Terrace
5 bed · 4 bath · 2,164 sqft · $672/sqft
$140,000 under the asking price
See every recorded sale in ZIP 33145 or find out what your ZIP 33145 home is worth.
