Historic Playboy Theatre Renovation
For Sale
$6,500,000
5445 Collins Ave CU1, Miami Beach, FL 33140
25,860 SF Miami Beach space for visionary development.
Property Size25,860 SF
Price / SF$251.35
Days on Market98
Property Features for 5445 Collins Ave CU1
General Information
Standard status
Active
Size
25,860 SF
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 378-1850
Listed By:
Antonio Saladrigas · License #A11847788
(786) 378-1850
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Located at 5445 Collins Avenue in Miami Beach's Mid-Beach corridor, the historic Playboy Theatre offers a unique opportunity to acquire 25,860 square feet of interior space. Currently 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. The original grand stage and structural volumes provide a robust foundation. The property is 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. An expansive kitchen area is located parallel to the main theatre volume, providing the necessary footprint for high-volume back-of-house operations. Positioned steps from the ocean, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor. The location has a bike score of 56, walk score of 59, and transit score of 47.
Key Highlights
- Premier "blank canvas" opportunity in Miami Beach's Mid‑Beach corridor, allowing for a visionary development.
- Substantial 25,860 sq ft interior space with triple‑level layout, soaring ceilings, and massive open floor plates.
- Unique suitability for a flagship nightclub, live‑performance theatre, or movie theatre due to expansive vertical clearance and existing stage infrastructure.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - 25,860 SF Miami Beach space for visionary development.
Where is this theater & concert hall located?
The property is located at 5445 Collins Ave CU1 Miami Beach, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Premier "blank canvas" opportunity in Miami Beach's Mid‑Beach corridor, allowing for a visionary development.; Substantial 25,860 sq ft interior space with triple‑level layout, soaring ceilings, and massive open floor plates.; Unique suitability for a flagship nightclub, live‑performance theatre, or movie theatre due to expansive vertical clearance and existing stage infrastructure.
