Description

Playboy Theater – 25,860 SF Retail is a retail property for sale at 5445 Collins Ave in Miami Beach, FL. Its 25,860 SF of gross leasable area gives buyers a clearly defined building footprint, with 25,860 SF of space on offer.

Built in 1966, the Property sits on 4.09 acres. That combination puts both the retail building and the land at the center of a buyer’s review, rather than treating the acreage as incidental to the structure. The full 25,860 SF of gross leasable area is on offer, so a buyer can approach the transaction around the entire retail footprint instead of a smaller portion of it. The site acreage also gives an owner-user or investor a separate measure of the property’s scale when weighing the asking price.

The asking price is $3,500,000, or $135.34 PSF; the stated land pricing is $855,746 per acre. These measures let buyers examine the same acquisition through the retail area and the site area, depending on how they intend to hold or use the Property. For an owner-user, the amount of space on offer is the immediate question of fit. For an investor, the building footprint, acreage, and asking price establish the starting point for a property-specific acquisition review.