The building is gone, but the Wendy's across the street is still there.
The Wendy's is at:
200 Southwest 8th Street, Miami, FL 33130-3514
(305) 858-6107
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Here are some side by side shots from the film with Google Street views. You can see the Wendy's has changed a lot but the structure of the building is the same.
You can also recognize the large building in the background.
Sadly the red building is gone, replaced by a shopping center.
The full scene is about 2 minutes into this clip:
