Commercial Sale · Restaurant/Entertainment
2345 SW 37th Ave, Miami FL 33145, MIAMI, FL, 33145
Active422 days on marketListed Jun 18, 2025MLS #A11816872
About this property
The property at a glance
Exceptional opportunity to purchase a prime redevelopment site just steps from Coral Gables on a corner lot. Under Florida's Live Local Act, this site can accommodate up to 369 units and a 12-story structure. Currently configured as a restaurant, the property is in excellent condition and offers flexible potential for retail, medical, office, or boutique residential use. The offering includes a 2,698 SF building on 16,084 SF of total land across 2 folios—a 10,384 SF main lot and a 5,700 SF adjacent parcel for parking. Located near Miracle Mile, Coral Gables Plaza, and the Loews Hotel, with superb walkability and close proximity to Brickell, Coconut Grove, MIA, US-1, and SR 836. Surrounded by condos, offices, and cultural amenities—this is a rare opportunity in a prime urban corridor.
2,698
Building sq ft
$2,595
Price / sq ft
16,084
Lot sq ft
1959
Year built
6100
Zoning
Restaurant/Entertainment
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$33,247/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Zack to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
40,864
Population
$83,194
Median income
43
Median age
2
Avg household
$548,495
Median home value
$1,905/mo
Median rent
4,292
Households w/ kids
Consumer profile
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Seeking peace and well-being through meditation, gratitude and spirituality.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.
Recent sales
What actually sold near 2345 SW 37th Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$60
5885 SW 73rd St, South Miami FL 33143
Sold Dec 12, 2024
$7,945
3000 Coral Way # 1, Miami FL 33145
Sold Dec 19, 2024
$5,000
241 Sevilla Ave, Coral Gables FL 33134
Sold Jun 14, 2025
Your team
The pros in your corner
Your agent
Zack Zonker
President Tampa Division · CENTURY 21 Edge
Tours, offers, and every question about 2345 SW 37th Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2345 SW 37th Ave.
See it in person
Schedule a tour
Live availability from Zack's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Compass Florida, LLC. · Ana Cuan. MLS #A11816872.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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