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31247385
31247381

1527 Washington Ave, Miami Beach, FL 33139

DB
FL 0324756, FL BK0324756
Brickell Investment Realty
Listed by Brickell Investment Realty
$9,000,000
757 days on market
Updated 9 days ago

1527 Washington Ave

Details
APN 02-3234-019-1160
Property Type Retail, Special Purpose
Sub Type Restaurant
Square Footage 8,300
Occupancy 100%
Tenancy Single
Remaining Term 30
Broker Co-Op Yes
Class C
Year Built 1948
Stories 2
Acreage 0.200
Zoning CD-2 Mixed Use
Parking Spaces 0.26 per 1,000 sq ft
Sale Condition For sale by owner

Massive 8,300 SF Flagship Retail | Heart of South Beach | High Ceiling Space

Marketing description

Club Madonna – Iconic South Beach Property Now Offered for Sale The home of the legendary Club Madonna, an iconic gentlemen’s club located in the heart of South Beach, is now being offered for sale for the first time in more than half a century. Owned and operated by Leroy Griffith, a pioneer of the burlesque entertainment era, the property represents a rare and historic opportunity in one of the most famous nightlife destinations in the world. After decades of ownership, Mr. Griffith has elected to retire, creating a once-in-a-lifetime opportunity to establish the next generation of a globally recognized South Beach institution. This offering includes the real estate that houses Club Madonna, which is uniquely significant as the only property in the City of Miami Beach where live adult entertainment is permitted under the City’s zoning code. For decades, this celebrated venue has been the only live adult entertainment club on historic Miami Beach, drawing visitors from around the world. The property consists of a 1948 two-story building, along with an adjacent structure of approximately 600+ square feet, presenting significant opportunities for modernization, expansion, and repositioning. With thoughtful redevelopment, the site has the potential to become one of the top-rated adult entertainment venues in the industry. This is a truly rare chance to acquire a landmark nightlife property in one of the most internationally recognized destinations in the United States.

Investment highlights

  • Asking Price: $9,000,000 — Real Estate Only
  • Building Size: 7,700 SF (two-story) + adjacent 600+ SF structure
  • Lot Size: 0.20 Acres | 71 feet of frontage on Washington Avenue
  • Year Built: 1948 | Building Class C | Zoning: CD-2 Mixed Use
  • Parcel Number: 02-3234-019-1160
  • Only Miami Beach address legally permitted for adult entertainment use under the City's Zoning Code
  • 24-hour operating entitlement — a benefit rarely found in South Florida
  • Ideally located between 16th Street and Española Way on the East side of Washington Avenue
  • Only legally permitted adult entertainment site in the City of Miami Beach
  • 24-hour operations permitted — no curfew restrictions applicable to current use
  • Long-standing, continuous operating history supports entitlement preservation
  • Existing two-story structure with expansion potential via adjacent 600+ SF parcel
  • CD-2 zoning also permits conversion to retail, restaurant, bar, or mixed-use development
  • Buyer may choose to continue the existing use OR redevelop under CD-2 permitted uses
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Listing Contacts

DB
FL 0324756, FL BK0324756
Brickell Investment Realty
Listed by Brickell Investment Realty

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Additional Information

Name
Daniel Burdak
License
0324756
Brokerage
Brickell Investment Realty
Brokerage Phone
305-372-0114
Title
Real Estate Broker
Brokerage Address
905 Brickell Bay Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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