5445 Collins Avenue CU2, Miami Beach, FL 33140

Listing Snapshot

Price

$6,500,000

Days on Site

78 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

25,860 sqft

Lot Size

4.09 Acres

Year Built

1966

Property Type

Commercial

MLS #

A11988803

County

Miami Dade

Status

Active

About This Property

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.

General Features

Property Type

Commercial

Status

Active

Year Built

1966

Lot Size (Acres)

4.09

Total Sq Ft

25,860

Structure Type

Retail

Zoning

4100

Community & HOA

MLS Area

2320