105 Fairway Dr Miami Springs, FL 33166

FOR SALE - Active
$17,000,000

Overview

  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 42,172 ft2/3,917.91 m2
  • Price Per: $403.11 ft2/$4,339.05 m2
  • Type: Commercial/Investment
  • Built: 1999
  • HOA: No info
  • MLS Number: A11658457
  • View No info
  • On Site: 95 days
  • Updated: Listing Refreshed: 83 Days Ago

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.

Price History

DateEventPriceChange RatePrice Per
09/14/2024Listed$17,000,000.00$403.11 ft2/$4,339.05 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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