1345 Drexel AveMiami Beach, FL 33139

Property Details for 1345 Drexel Ave

Year built

1948

Construction

CONCRETE

Lot size

0.41 AC

Property size (Sq ft)

23,497 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail residential properties

APN

02-3234-011-0030

APU

232340110030

Description

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.

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.785

Longitude

-80.1324

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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