For Sale
$1,890,000

1345 Drexel Ave Miami Beach, FL 33139

Profitable, Established Miami Beach Nightclub

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Miami Beach nightclub, established in a 1948 building at 1345 Drexel Ave, presents a rare investment opportunity. Priced at $1,890,000, this fully operational, two-story venue boasts a current lease of $13,000 per month, locked in until 2031. The property includes a valuable 5 AM liquor license (4COP), a full restaurant license (including delivery capabilities), and a tobacco license – assets no longer issued by the city, estimated at $500,000 in value. The nightclub features a state-of-the-art sound system, new equipment, and incredible décor. With a legal capacity of 106, it comfortably accommodates 300 patrons. The fully equipped and compliant kitchen supports the restaurant license. Further potential exists with the possibility of securing a terrace permit for outdoor seating. The sale includes inventory, and the seller offers support and follow-up to ensure a smooth transition. This turnkey operation benefits from an established clientele and a top-rated website and social media presence. Over $2 million has been invested in creating this exceptional venue. Valet parking is a possibility. This is a truly unique opportunity to acquire a thriving, fully licensed and equipped business in a prime Miami Beach location.

Highlights

  • Rare investment opportunity: Fully operational Miami Beach nightclub in a 1948 building at 1345 Drexel Ave, priced at $1,890,000.
  • Strong lease in place: Current $13,000/month lease extending to 2031.
  • Valuable licenses included: 5 AM liquor license (4COP), full restaurant license (including delivery), and tobacco license – estimated at $500,000 value.
  • Turnkey operation: Includes state-of-the-art sound system, new equipment, fully equipped kitchen, and inventory. Seller provides transition support.
  • High-capacity venue: Legal capacity of 106, comfortably accommodates 300 patrons; established clientele and strong online presence.

Property Details for 1345 Drexel Ave

Property type
Retail properties, Restaurants
Year Built
1948

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.785049
Longitude
-80.132435

FAQs

What type of property is this?
Retail property - Profitable, Established Miami Beach Nightclub
Where is the retail property located?
The property is located at 1345 Drexel Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Rare investment opportunity: Fully operational Miami Beach nightclub in a 1948 building at 1345 Drexel Ave, priced at $1,890,000.; Strong lease in place: Current $13,000/month lease extending to 2031.; Valuable licenses included: 5 AM liquor license (4COP), full restaurant license (including delivery), and tobacco license – estimated at $500,000 value.
How can I contact the broker?
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1345 Drexel Ave
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