105 Fairway Dr Miami Springs, FL 33166-5843
- Hotels
- 42,172 SF
- 2.78 lot acres
Jan 07, 2020
Current Use by Public Records
- Hotels
Property Details for 105 Fairway Dr
- Year built
- 1999
- Construction
- CONCRETE
- Lot size
- 2.78 lot acres
- Property size
- 42,172 SF
- Zone code
- 3702:MULTI-FAMILY
- Property type
- Hotels
- APN
- 05-3119-025-0030
- APU
- 531190250030
Description
This exceptional 42,172 square foot hotel, located at 105 Fairway Drive in Miami Springs, Florida, presents a compelling investment opportunity. Situated directly across from Miami International Airport (MIA) in the desirable 305 area code, this three-story, 118-unit property boasts a prime location within the Airport District. Built in 1999, the hotel underwent renovations in 2018 and further updates in 2023. The property features 99 parking spaces, exceeding the required amount by 29. Significant development potential exists, with zoning for Hotel/Motel use, a 1.0 FAR, and a maximum building height of 70 feet (allowing for up to five stories). The current footprint allows for the addition of 100-200 more units, increasing the total key count to as many as 318. Investors can leverage the existing infrastructure to develop up to an additional 199,938 square feet of unused buildable space, significantly maximizing the property's value. This asset is ideally positioned for success in a thriving market, offering substantial returns for hospitality or full-service investors. The asking price for this remarkable opportunity is $17,000,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Springs
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2843
- Latitude
- 25.8087
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
