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5445 Collins Ave CU1 Miami Beach, FL $ 3,900,000
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$ 3,900,000 Get more info
5445 Collins Ave CU1
$ 3,900,000
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5445 Collins Ave CU1

Miami Beach, FL, 33140
$ 3,900,000
Baths0.0 Sq 19,077

Monthly Estimate*

$ 27,243

5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 1
5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 2
5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 3
5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 4
5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 5
5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 6
5445 Collins Ave CU1, Miami Beach, FL 33140 - Image 7
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Studio

Commercial Property for sale in Miami Beach, FL

for $3,900,000. This 19,077 square foot building was built in 1966 on a lot size of 0.437948.

One of the historically most significant entertainment venues in Miami Beach, the former Playboy Plaza Hotel Theater, located within today’s Castle Beach Club on Collins Avenue, is now offered for sale. Developed in 1970 as part of Hugh Hefner’s swanky Playboy Plaza Hotel, the theater was the favorite hot-spot for local and visiting celebrities, offering live shows by Sammy Davis Jr. and many others. It was showcased in Gloria Estefan's hit song "Hotel Nacionel" as well as the hit movie "Rock of Ages". The venue’s illustrious past in later years continued under various operators as a luxury cabaret, cinema or dinner club. Vacant for a number of years now, the property provides a rare opportunity to recreate its rich past or repurpose the approximately 19,000 SF space.

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Commercial Contingent

Price

$ 3,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 18,526

Style

Business

Lot Size

0.437948

Year Built

1966

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11365510
Features
General
Roof Composition
Year Built 1966
Electric Item440Volts
Unit Number CU1
Property SubType Business
Business Type Restaurant
Waterfront Features OceanFront
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Contingency Other
Garage Y/N N
Status ActiveUnderContract
City Miami Beach
Buyer Agent Compensation 3%
View Y/N N
Senior Community Y/N N
Zoning Description 4100
MLS Area 32
Lot Size Square Feet 19077.0
Private Pool N
Waterfront Y/N Y
Carport Y/N N
Street Name Collins Ave
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 18526.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11365510
Days on Market 97
Standard Status ActiveUnderContract
Occupancy Description CallAgent
Legal Description CASTLE BEACH CLUB CONDO UNIT CU1 UNDIV 0.011557% INT IN COMMON ELEMENTS OFF REC 15285-1869 OR 19824-4997 0801 4
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Interior
Flooring Carpet Marble Slate
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Size Area 19077.0
Spa N
Building Area Total 19077.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5445
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* Excluded Features
List By
Opera Rei Inc

Broker

v.spinaci@operarei.com

Email

Affordability Calculator

$28,786
Per Month
95%
5%
0%
Monthly Principal & Interest
$27,243
Monthly Property Taxes
$1,544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
3/31/2023$3,900,000 Listed Price

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5445 Collins Ave CU1, Miami Beach, FL, 33140 is a Commercial Property for sale at $3,900,000 with 19,077 sqft and a lot size of 0.437948. 5445 Collins Ave CU1 is a studio with 0.0 baths and was built in 1966. The property's zip code is 33140 which is in Miami Beach, FL

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