105 Fairway Dr - Hospitality FOR SALE


Miami Springs, FL 33166
$17,000,000 USD
305-308-2859
105 Fairway Dr, Miami Springs, FL for Sale
$17,000,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

105 Fairway Dr
Miami Springs, FL 33166


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$403 USD /SF

# OF ROOMS

118

PRICE/ROOM

$144,068 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Inn Miami Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

95

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,055 SF

ZONING

3702

APN/PARCEL ID

05-3119-025-0030

ASK ABOUT THIS PROPERTY

Rory DayThe Keyes Company - Commercial Sales & LeasingMore Info
305-308-2859

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Rory DayThe Keyes Company - Commercial Sales & LeasingMore Info
305-308-2859

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.