5445 Collins Ave, Miami Beach FL 33140,Miami Beach,Miami-Dade County,Commercial Sale

$3,900,000

Overview

Restaurant/Entertainment
Property Type

Description

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.

Address

Open on Google Maps

Address: Collins Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33140

Details

Updated on July 6, 2023 at 6:42 pm

Price $3,900,000
Year Built 1966
Property Type Restaurant/Entertainment
Property Status Commercial Sale

Additional details

PublicSurveyRange 32
ShowingInstructions 24 Hour Notice, Appointment Only, See Broker Remarks
ListAgentKey f983d2eb9b0ccea04dc6023f2ad1113e
TaxLegalDescription CASTLE BEACH CLUB CONDO UNIT CU1 UNDIV 0.011557% INT IN COMMON ELEMENTS OFF REC 15285-1869 OR 19824-4997 0801 4
OnMarketDate 2023-03-31
ListAgentEmail v.spinaci@operarei.com
ContractStatusChangeDate 2023-07-06
MajorChangeTimestamp 2023-07-06T15:08:09.653Z
Flooring Carpet, Marble/Slate Floors
PhotosCount 7
SubAgencyCompensation 3%
StatusChangeTimestamp 2023-07-06T15:08:09.653Z
PriceChangeTimestamp 2023-03-31T19:49:18.220Z
ListingKeyNumeric 380474489
MajorChangeType Active Under Contract
ListingContractDate 2023-03-31
ListAOR A-Miami Association of REALTORS
TaxAnnualAmount 18526
ListOfficeName Opera REI Inc
OriginatingSystemKey miamire
BusinessType Restaurant/Bar
DualVariableCompensationYN no
PhotosChangeTimestamp 2023-03-31T20:15:53.840Z
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 954-255-0243
MlsStatus Active With Contract
StreetNumber 5445
ListingKey b15648c35c20c5c975512ca3ddbda5ec
StateOrProvince FL
ListOfficeKey 83a9019ef398afd91ec761fed40cfaf8
BridgeModificationTimestamp 2023-07-06T15:09:36.544Z
ListAgentFullName Valerio Spinaci
Roof Composition Roll
ListAgentOfficePhone 954-255-0243
ParcelNumber 02-32-14-021-5400
ListingTerms All Cash, Conventional/Refinance
SignOnPropertyYN no
OtherExpense 0
IDXParticipationYN yes
InternetAddressDisplayYN yes
Contingency Other
ListAgentMlsId 3314298
ModificationTimestamp 2023-07-06T15:08:09.653Z
OriginatingSystemID miamire
DaysOnMarket 97
BuyerAgencyCompensationType %
ListOfficeMlsId OPER01
ListAgentDirectPhone 954-225-0243
PendingTimestamp 2023-07-06T04:00:00.000Z
StreetNumberNumeric 5445
PostalCodePlus4 5522
NumberOfUnitsInCommunity 0
ExpirationDate 2024-03-31
SyndicationRemarks 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.
StructureType Hotel/Motel
ListAgentStateLicense 3314298
PublicSurveyTownship 32
ListingAgreement Exclusive Agency
PublicSurveySection 14
ListingId A11365510
SpecialListingConditions Sale
OriginalListPrice 3900000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 3%
InternetAutomatedValuationDisplayYN no
OriginalEntryTimestamp 2023-03-31T19:52:04.937Z
SourceSystemKey 380474489
LotSizeSquareFeet 19077
Electric 440 Volts
InternetConsumerCommentYN no
BuildingAreaTotal 19077