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Faits saillants de l'investissement

  • ±26,000 SF across three levels and high interior clearances, the building is structurally optimized for high-capacity nightclubs, live performances
  • "Warm Shell" for an operator to custom-build a flagship concept from the ground up.
  • No Association Approval Needed for Business Type
  • Large-format entertainment spaces are virtually non-existent on the oceanfront.
  • At a $6.5M entry point for nearly 26,000 SF, the price per square foot offers a substantial margin for a comprehensive renovation.
  • Liquor License Sale with CU14

Résumé de l'annonce

The Castle Beach Club (historically known as the Playboy Plaza Hotel) is a landmark 18-story oceanfront building located at 5445 Collins Avenue on Miami Beach’s prestigious "Millionaire’s Row". Completed in 1966, the property occupies a prime four-acre site with over 570 linear feet of direct beach frontage.

2 Unités disponibles

  • Unité
  • Taille de l’unité
  • Utilisation du condo
  • Prix
  • Revenu net d’exploitation
  • Unité CU1
  • 25 860 pi²
  • Commerce de détail
  • 9 235 915 $ CAD (357,15 $ CAD/pi²)
  • -
Type de vente Investissement ou propriétaire utilisateur
Conditions de vente Bâtiment non meublé
ID/Numéro de lot 02-3214-021-5400, 02-3214-021-5410
Description
The historic Playboy Theatre features 25,860 square feet of high-volume interior space across a triple-level layout. The existing structure boasts soaring ceilings and massive, open floor plates, architectural assets nearly impossible to replicate under current Miami Beach building codes. The "bones" of the venue, including the original grand stage and structural volumes, provide a robust foundation that significantly reduces the complexity of a ground-up build. A key operational advantage is the expansive kitchen area located parallel to the main theatre volume, which provides the necessary footprint for high-volume back-of-house operations.
Notes sur la vente
Located at 5445 Collins Avenue in the heart of Miami Beach’s prestigious Mid-Beach corridor. The space currently requires full renovation, serving as a premier "blank canvas" for a visionary developer or hospitality group. With no association approval needed for business type, the property is uniquely 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. The layout is also ideal for a modern supper club, a high-end cabaret, or a hybrid entertainment-dining concept that requires seamless service between a commercial-grade kitchen and a grand performance space. Positioned steps from the ocean in a high-barrier-to-entry market, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor.
  • Unité CU14
  • 12 006 pi²
  • Commerce de détail
  • 6 038 868 $ CAD (502,99 $ CAD/pi²)
  • -
Type de vente Investissement ou propriétaire utilisateur
ID/Numéro de lot 02-3214-021-5530
Description
Unit CU-14 is a strategically vital commercial asset within a premier Miami Beach oceanfront corridor. Spanning a total of approximately 12,006 square feet, this unit serves as the functional heart of the property. It consists of 2,087 square feet of finished office, reception space, and convenience store paired with a massive 9,919-square-foot infrastructure shell that includes a pump room, valet area, dedicated storage,  linen closets and utility rooms situated across 14 floors. Uniquely, this acquisition includes an active liquor license, as the space is currently authorized for alcohol sales, offering a turnkey solution for hospitality groups seeking to bypass the significant regulatory hurdles of Miami Beach.
Notes sur la vente
CU-14 offers a "blank canvas" for a visionary investor to build out a high-volume hospitality hub. Subsequently; it complements the current sale of the Playboy Theatre located within the same building. Positioned within the RM-3 High-Density district, this asset represents a rare opportunity to own the operational backbone of a landmark building, complete with the licensing necessary to drive premium revenue in one of the world's most iconic beachfront markets.
Unité Taille de l’unité Utilisation du condo Prix Revenu net d’exploitation
Unité CU1 25 860 pi² Commerce de détail 9 235 915 $ CAD (357,15 $ CAD/pi²) -
Unité CU14 12 006 pi² Commerce de détail 6 038 868 $ CAD (502,99 $ CAD/pi²) -

Unité CU1

Taille de l’unité
25 860 pi²
Utilisation du condo
Commerce de détail
Prix
9 235 915 $ CAD (357,15 $ CAD/pi²)
Revenu net d’exploitation
-

Unité CU14

Taille de l’unité
12 006 pi²
Utilisation du condo
Commerce de détail
Prix
6 038 868 $ CAD (502,99 $ CAD/pi²)
Revenu net d’exploitation
-

Unité CU1

Taille de l’unité 25 860 pi²
Utilisation du condo Commerce de détail
Prix 9 235 915 $ CAD (357,15 $ CAD/pi²)
Revenu net d’exploitation -
Type de vente Investissement ou propriétaire utilisateur
Conditions de vente Bâtiment non meublé
ID/Numéro de lot 02-3214-021-5400, 02-3214-021-5410
Description
The historic Playboy Theatre features 25,860 square feet of high-volume interior space across a triple-level layout. The existing structure boasts soaring ceilings and massive, open floor plates, architectural assets nearly impossible to replicate under current Miami Beach building codes. The &quot;bones&quot; of the venue, including the original grand stage and structural volumes, provide a robust foundation that significantly reduces the complexity of a ground-up build. A key operational advantage is the expansive kitchen area located parallel to the main theatre volume, which provides the necessary footprint for high-volume back-of-house operations.</li></ul>
Notes sur la vente
Located at 5445 Collins Avenue in the heart of Miami Beach’s prestigious Mid-Beach corridor. The space currently requires full renovation, serving as a premier &quot;blank canvas&quot; for a visionary developer or hospitality group. With no association approval needed for business type, the property is uniquely 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. The layout is also ideal for a modern supper club, a high-end cabaret, or a hybrid entertainment-dining concept that requires seamless service between a commercial-grade kitchen and a grand performance space. Positioned steps from the ocean in a high-barrier-to-entry market, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor.</li></ul>

Unité CU14

Taille de l’unité 12 006 pi²
Utilisation du condo Commerce de détail
Prix 6 038 868 $ CAD (502,99 $ CAD/pi²)
Revenu net d’exploitation -
Type de vente Investissement ou propriétaire utilisateur
ID/Numéro de lot 02-3214-021-5530
Description
Unit CU-14 is a strategically vital commercial asset within a premier Miami Beach oceanfront corridor. Spanning a total of approximately 12,006 square feet, this unit serves as the functional heart of the property. It consists of 2,087 square feet of finished office, reception space, and convenience store paired with a massive 9,919-square-foot infrastructure shell that includes a pump room, valet area, dedicated storage,&nbsp;&nbsp;linen closets and utility rooms situated across 14 floors. Uniquely, this acquisition includes an active liquor license, as the space is currently authorized for alcohol sales, offering a turnkey solution for hospitality groups seeking to bypass the significant regulatory hurdles of Miami Beach.</li></ul>
Notes sur la vente
CU-14 offers a &quot;blank canvas&quot; for a visionary investor to build out a high-volume hospitality hub. Subsequently; it complements the current sale of the Playboy Theatre located within the same building. Positioned within the RM-3 High-Density district, this asset represents a rare opportunity to own the operational backbone of a landmark building, complete with the licensing necessary to drive premium revenue in one of the world&#39;s most iconic beachfront markets.</li></ul>

Faits sur la propriété

Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
Taille totale du bâtiment 295 634 pi²
Type de propriété Immeuble residentiel
Sous-type de propriété Appartement
Classe d’immeuble B
Planchers 15
Superficie de plancher typique 15 200 pi²
Année de construction 1966
Taille du lot 4,01 AC
Ratio de stationnement 0,08/1 000 pi²
Zonage 4100 - Résidentiel

Commodités

Commodités du site

  • Accès 24 heures
  • Centre de conditionnement physique
  • Piscine
  • Spa
  • Terrain de tennis
  • Bord de l’eau
  • Clôturé
  • Sans fumée

Unité renseignements sur le mélange

Description Nombre d’unités Loyer moyen/mois pi²
Studios 570 - -
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun relativement accessibles
50/100
  • ID d’inscription: 39893412

  • Date de mise sur le marché: 2026-03-24

  • Dernière mise à jour:

  • Adresse: 5445 Collins Ave, Miami Beach, FL 33140

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