Hotel For Sale
105 Fairway Dr, Miami Springs, FL 33166

$17,000,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11658457
  • Virtual Tour: YES
  • List Price: $17,000,000
  • Taxes:$173,180
  • Year Built:1999
  • Listing Date:September 13, 2024
  • Days On Market:64

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.

Features


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Location


Price History


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker