$6,500,000

5445 Collins Ave CU2, Miami Beach, FL 33140

  • 25,860 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1966
  • Property Lot Size Icon4.09acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $251/sqft
  • Property List Date Icon Listed 12 days ago

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.

Listing Status:
Active
Date Added:
March 24, 2026
Data Last Updated:
April 5, 2026 at 3:07PM
Listing Office:
Fausto Commercial Realty Consultants Inc : 786-748-7373
Listing Agent:
Antonio Saladrigas : 786-378-1850
MLS ID:
A11988803
  • Originating MLS: Miami Association of REALTORS®
  • County: Miami-Dade County
  • Zoning: 4100CASTLE BEACH CLUB CONDO UNIT CU2 UNDIV 0.007704 % INT IN COMMON ELEMENTS OFF REC 15285-1869 OR 19824-4997 0801 402-32-14-021-5410
  • Source: Miami Association of REALTORS®

This listing courtesy of Antonio Saladrigas , Fausto Commercial Realty Consultants Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North Beach Elementary School

4100 Prairie Ave, Miami Beach, FL, 33140

Grades PK-5

1.54 miles away

N

Nautilus Middle School

4301 N Michigan Ave, Miami Beach, FL, 33140

Grades 6-8

1.60 miles away

M

Miami Beach Senior High School

2231 Prairie Ave, Miami Beach, FL, 33139

Grades 9-12

2.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

5445 Collins Ave CU1, Miami Beach, FL 33140
Commercial Property

$6,500,000

  • 25,860 sqft |
  • 4.09 acre lot
5445 Collins Ave CU1 Miami Beach, FL 33140

#A11988742 - Fausto Commercial Realty Consultants Inc