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.
Property Details
Price:
$17,000,000
MLS #:
A11658457
Status:
Active
Beds:
0
Baths:
0
Address:
105 Fairway Dr
Type:
Commercial
Subtype:
Hotel/Motel
City:
Miami Springs
Listed Date:
Sep 12, 2024
State:
FL
Finished Sq Ft:
42,172
Total Sq Ft:
42,172
ZIP:
33166
Lot Size:
121,055 sqft / 2.78 acres (approx)
Year Built:
1999
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Financial
Taxes
$173,180
Map
Community
- Address105 Fairway Dr Miami Springs FL
- CityMiami Springs
- CountyMiami-Dade County
- Zip Code33166
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