1527 Washington Ave - Storefront FOR SALE


Miami Beach, FL 33139
$9,500,000 USD
305-372-0114
1527 Washington Ave, Miami Beach, FL for Sale
$9,500,000 USD
Storefront - FOR SALE
1/41
null | Request Cap Rate

NEW


1527 Washington Ave
Miami Beach, FL 33139


HIGHLIGHTS

  • Only Strip Club allowed on Miami Beach
  • Operations allowed 24 hours

OVERVIEW

The home of Club Madonna, the Iconic Gentlemen's Club on Miami Beach in the heart of South Beach, the only real estate in the City of Miami Beach where an adult entertainment establishment is allowed under the City’s Zoning code, is now on the market and poised to be sold for the very first time in over half a century. The legendary Burlesque era pioneer, Leroy Griffith, has decided to retire, providing a unique and once in a lifetime opportunity to create a modern-era successor to the world-famous South Beach institution known as "Club Madonna"! This Live Adult Entertainment Club is, and has been for decades, the only Strip Club on Historic Miami Beach and this 1948 two-story building, along with an adjacent 600 plus square foot structure, offers the right party the potential to develop the top-rated Adult Entertainment Club in the industry. All information provided regarding the property is believed to be accurate; however, it is not warranted nor guaranteed. Potential buyers are advised to conduct their own independent verification of all details and information concerning the property. Neither the Seller, Broker, nor any associated parties make any representation or warranty, express or implied, as to the accuracy, completeness, or suitability of the information provided. Buyers should perform their own due diligence and consult with their own legal and professional advisors before making any purchase decisions.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$1,234 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,751 SF

ZONING

CD-2

APN/PARCEL ID

02-3234-019-1160

ASK ABOUT THIS PROPERTY

Dan BurdakBrickell Investment RealtyMore Info
305-372-0114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dan BurdakBrickell Investment RealtyMore Info
305-372-0114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.