Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1527 Washington Ave Miami Beach, FL 33139

    View on Map
    Claim this Listing
    For Sale
    $9,000,000

    Detached, Business - Miami Beach, FL

    Type:Business
    Property size:
    600 SF
    Lot size:
    0.20 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 24 at 2:06 pm

    Property Features for 1527 Washington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    6400
    Standard status
    Active
    APN
    02-32-34-019-1160
    Size
    600 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    74529

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel Burdak

    Listing agent Daniel Burdak License #0324756

    Listing office Brickell Investment Realty 905 Brickell Bay Dr, Miami, FL

    Listing date Mar 9, 2026

    MLS# A11979747 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic South Beach Entertainment Property

    The property, home to the legendary Club Madonna, is now offered for sale for the first time in over half a century. This iconic gentlemen’s club is located in the heart of South Beach. The offering includes the real estate that houses Club Madonna. The property is uniquely significant as the only property in the City of Miami Beach where live adult entertainment is permitted under the City’s zoning code. For decades, this celebrated venue has been the only live adult entertainment club on historic Miami Beach, drawing visitors from around the world. The property consists of a 1948 two-story building, along with an adjacent structure of approximately 600+ square feet, presenting significant opportunities for modernization, expansion, and repositioning. With thoughtful redevelopment, the site has the potential to become one of the top-rated adult entertainment venues in the industry. The property is located in Miami Beach, Florida, with a lot size of 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Night clubs

    Suggested Use

    Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon Real Estate Agency Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Spire Bar and Lounge — 801 Collins Ave, Miami Beach, FL 33139
    • Parque aéreo Miami Beach — 700 Florida A1A, Miami Beach, FL 33139
    • Clandestino Pub — 758 Washington Ave, Miami Beach, FL 33139
    • Mansion Versace — 727 Collins Ave, Miami Beach, FL 33139
    • Hunk-O-Mania Male Strip Club — 645 Washington Ave, Miami, FL 33139

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.131706
    Latitude
    25.787619

    Nearby Similar for Sale

    • $900,000

      Miami Beach Commercial Space

      Prime commercial space in Miami Beach's Sunset Harbour neighborhood.
      1400 20th St, Miami Beach, FL 33139
      View Details
    • $375,000

      Oceanfront Miami Beach Office Space

      Prime office space in oceanfront building with immediate rental income.
      5601 Collins Ave, Miami Beach, FL 33140
      View Details
    • $55,000,000

      Oceanfront Condo Hotel with Restaurant

      Miami Beach condo hotel with restaurant in a vibrant location.
      7300 Ocean Ter, Miami Beach, FL 33141
      View Details
    • $16,000,000

      Miami Beach Development Opportunity

      Rare South of Fifth development opportunity with income and upside.
      249 Collins Ave, Miami Beach, FL 33139
      View Details
    • $3,890,000

      Miami Beach Retail Investment Opportunity

      Four retail spaces near Ocean Drive and Lincoln Road.
      764 Washington Ave, Miami Beach, FL 33139
      View Details
    • $11,000,000

      Miami Beach Retail Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Miami Beach.
      1441 Alton Rd, Miami Beach, FL 33139
      View Details
    • $795,000

      Lincoln Road Retail Opportunity

      Prime retail space on iconic Lincoln Road in Miami Beach.
      1300 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $5,000,000

      Miami Beach Retail Opportunity

      Retail space with indoor and outdoor areas in Miami Beach.
      1215 West Ave, Miami Beach, FL 33139
      View Details
    • $2,500,000

      Historic Miami Beach Mixed-Use Property

      Rare opportunity to customize a historic Miami Beach property.
      927 4th St, Miami Beach, FL 33139
      View Details
    • $750,000

      Miami Beach Salon Business Opportunity

      Turnkey salon business with high visibility in Miami Beach.
      1800 Bay Rd Ste #101, Miami Beach, FL 33139
      View Details
    • $11,900,000

      Miami Beach Hotel/Retail Opportunity

      34 studio apartments and 4 retail spaces for sale.
      760 Washington Ave, Miami Beach, FL 33139
      View Details
    • $170,000

      Miami Beach Hybrid Retail Business

      Turnkey retail and food business in prime Miami Beach location.
      Collins Ave, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Night club - Rare opportunity to own a landmark Miami Beach entertainment venue.
    Where is this night club located?
    The property is located at 1527 Washington Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: Only property in Miami Beach where live adult entertainment is permitted.; Home of the legendary Club Madonna, an iconic gentlemen’s club.; Rare and historic opportunity in the heart of South Beach.
    (786) 286-3262
    We can help!
    Listing Contact
    Daniel Burdak
    Real Estate License ID: 0324756
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!