1527 Washington Ave Miami Beach, FL 33139
Property profile & analytics
1527 Washington Ave Miami Beach, FL 33139
- Retail residential properties
- 7,709 SF
- 0.20 lot acres
Property ID
US18-4893448
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail residential properties
Property Details for 1527 Washington Ave
- Year built
- 1948
- Construction
- CONCRETE
- Lot size
- 0.20 lot acres
- Property size
- 7,709 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Retail residential properties
- APN
- 02-3234-019-1160
- APU
- 232340191160
Description
This exceptional investment opportunity presents the chance to acquire Club Madonna, a legendary Miami Beach institution. Established in 1948, this iconic gentlemen's club boasts a prime location at 1527 Washington Ave in Miami Beach, Florida (33139), within Miami-Dade County. The property consists of a two-story building totaling 8,325 square feet, plus an additional structure exceeding 600 square feet, offering significant expansion potential. Currently operating at 100% occupancy under a single tenancy with a remaining lease term of 30 years, this property presents a lucrative, established business with a proven track record. The permitted zoning allows for continued operation as a strip club, a unique and highly sought-after business type in this vibrant location. The asking price for this remarkable property is $11,000,000. All information is believed to be accurate but is not warranted or guaranteed; buyers are advised to conduct their own due diligence. This is a rare opportunity to own a piece of Miami Beach history and a thriving, high-demand business.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,035,000
- 6.5%
- $2,800,000
- 7%
- $2,600,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1314
- Latitude
- 25.7882
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$74,529
$3,500,000
$444,042
$3,944,042
-
$3,500,000
$444,042
$3,944,042
