The Real Deal Miami

Stage nightclub building in Miami’s Design District sells for $2 million

October 15, 2012 10:30AM

The building that currently houses the Stage nightclub in the Design District has been sold for $2 million, according to Chariff Realty, which handled the transaction. The property, which is located at 170 NE 38th Street, was purchased by a partnership between 13th Floor Investments and Avra Jain. The 3,224-square-foot building is located on a 10,250-square-foot lot. The price represented an average of $620.34 per square foot. Chariff said the deal was listed 27 days ago and closed within 20 days. – Alexander Britell