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$6,500,000
Est. payment /mo
25,860 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 25,860 sqft
Price per Sqft $251
MLS Listing ID A11988742
HOA Y/N No
Year Built 1966
Lot Size 4.091 Acres
Property Sub-Type Retail
Property Description
Located at 5445 Collins Avenue, the historic Playboy Theatre presents a singular opportunity to acquire 25,860 square feet of high-volume interior space in the heart of Miami Beach's prestigious Mid-Beach corridor. Currently in a state requiring full renovation, the property serves as a premier "blank canvas" for a visionary developer or hospitality group. The existing structure features a triple-level layout with soaring ceilings and massive, open floor plates—architectural assets that are nearly impossible to replicate under current Miami Beach building codes. While the interior requires a complete overhaul, the "bones" of the venue, including the original grand stage and structural volumes, provide a robust foundation that significantly reduces the complexity of a ground-up build. With no association approval for business type; the property is uniquely suited for a flagship nightclub, live-performance theatre, or movie theatre where the expansive vertical clearance and existing stage infrastructure allow for world-class acoustics and immersive lighting design. A key operational advantage is the expansive kitchen area located parallel to the main theatre volume, which provides the necessary footprint for high-volume back-of-house operations. Positioned steps from the ocean in a high-barrier-to-entry market, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Others
Tax ID 02-32-14-021-5400
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11988742
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Listed by Fausto Commercial Realty Consultants Inc
Nearby Locations
"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."