This Sport & Entertainment Property is Off-Market.

1501 Collins Avenue
Miami Beach, FL 33139 ·

24,966 SF · Sport & Entertainment For Sale

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South Beach Entertainment Venue

Price N/A Distressed Yes
Building Size 24,966 SF Commission Split 2%
Property Type Sport & Entertainment No. Stories 3
Property Sub-type Theatre/Performing Arts Year Built 2001
Property Use Type Vacant/Owner-User
Listing ID: 16611585 Date Created: 03/16/2010 Last Updated: 05/25/2012

Description

Currently in foreclosure. Lender has obtained foreclosure judgment in the amount of $6,566,824.11. Online foreclosure auction sale date is set for May 25th. Contact agent for more details.
Unique South Beach entertainment venue. Offering includes a fully operating nightclub/restaurant and the real estate. The club will be delivered "turnkey", including state of the art sound and light system, 7 bars, 4 VIP rooms, live stage, furniture and fixtures, huge kitchen, and all operating licenses, including the liquor license. The real estate is a nearly 25,000 sq. ft., 3-story commercial condo, with an outdoor terrace of 10,000 sq. ft. Considering only cash offers with verifiable proof of funds.

Privileged location in the heart of South Beach, at the north end of famed Ocean Drive, within Ocean Steps, an open air, multi-level urban entertainment center. The site is surrounded by upscale hotels such as the Ritz Carlton, Loew's Convention Hotel, Royal Palm, Delano and the Victor Hotel, and adjacent to high-end condominiums such as IL Villaggio and 1500 Ocean.

Highlights

  • Excellent Ocean Drive Exposure
  • Private VIP entrance from ground level
  • Covered parking within entertainment center
  • Capacity for 1,500 guests
  • Turnkey delivery with all licenses and permits
  • Perfect venue for large private parties and special events

Research

1501 Collins Avenue, Miami Beach, FL 33139 (Miami-Dade County)

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