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$17,000,000
Est. payment /mo
42,172 SqFt
UPDATED:
09/30/2024 08:11 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 42,172 sqft
Price per Sqft $403
MLS Listing ID A11658457
HOA Y/N No
Year Built 1999
Annual Tax Amount $173,180
Lot Size 2.780 Acres
Acres 2.78
Property Description
105 Fairway Drive in Miami Springs, FL, is a prime investment opportunity for hospitality or full-service investors, located across the street from MIA, Miami International Airport in the #305. This 42,172 SF property, built in 1999 and renovated in 2018 and additional updates in 2023, includes 118 units with the potential to add an additional 100–200 more, That's up to 318 KEYS. Located in the Airport District & zoned for Hotel/Motel use, it offers strong development potential with a 1.0 FAR and a max height of 70 feet (five stories).
With 99 parking spaces (29 more than required), the property is ready for expansion. Investors can build up to 199,938 SF of unused units, maximizing the site’s value. Its strategic location and infrastructure make it an ideal asset in a booming market.
With 99 parking spaces (29 more than required), the property is ready for expansion. Investors can build up to 199,938 SF of unused units, maximizing the site’s value. Its strategic location and infrastructure make it an ideal asset in a booming market.
Location
State FL
County Miami-dade
Area 31
Building
Story 3
Others
Tax ID 05-31-19-025-0030
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Listed by The Keyes Company
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