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… Read More 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. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
114
Last Updated
Property Type
Business
Square Ft.
25,860
Lot Size
4.09 Acres
Year Built
1966
MLS Number
A11988803
30 Days Snapshot Of 33140
$1.05M
-34%
(avg) sold price
23
-34%
homes sold
153
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1966, Toal building area: 25860
Lot
4.09 acres
Property
Zoning: 4100
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Confirm your time
Fill in your details and we will contact you to confirm a time.
