Miami Springs Inn Airport Redevelopment

Kabani Hotel Group, as an exclusive representative of the seller, is pleased to present for sale the Miami Springs Inn Airport Redevelopment.​ The subject property is a 38-room exterior corridor hotel, built in 1951, with a lot size of 0.67 acres.​ This property is comprised of two parcels and features two restaurant spaces.​ It is strategically positioned near 36th Street (55,500 AADT) and right across the street from Miami International Airport.​ Major demand generators include Port Miami, Loan Depot Park, Miami Beach, Jackson Memorial Hospital, and the soon to be completed Miami Freedom Park.​

PROPERTY HIGHLIGHTS

• 38-Rooms - Exterior Corridor
• 2 Restaurant Spaces
• Patio Tipico Restaurant Karaoke: 3,000+- SF Leased At $8,600 Per Month
• Vacant Restaurant Space: 2,000+- SF
• 2 Parcels: 0.38 Acres & 0.29 Acres
• Year Built - 1951 - Concrete Building
• Redevelopment Opportunity
• Zoning: Commercial / Residential
• Parking Spaces: 33
• Located on 36th Street (55,500 AADT)

FINANCIAL HIGHLIGHTS

• 2022 Room Revenue of $333,127
• 2023 Room Revenue of $298,815
• 2022 Rental Income of $283,519
• 2023 Rental Income of $255,167

LOCATION HIGHLIGHTS

• 1.0 Mile to Miami International Airport
• 2.3 Miles to Miami Freedom Park (2025)
• 4.2 Miles to Jackson Memorial Hospital
• 4.3 Miles to LoanDepot Park
• 6.8 Miles to Downtown Miami
• 10.2 Miles to Miami Beach

ZONING HIGHLIGHTS

Zoning Code: NW 36th Street District

Permitted Uses:
• Hotels
• Offices (business and professional)
• Mixed-use development (residential on upper floors)
• Aviation-related schools
• Cultural facilities like libraries, museums, theaters
• Banks and financial institutions
• Retail stores and service establishments
• Restaurants (within buildings with other permitted uses)
• Parking garages (with first-floor commercial use)
• Medical and veterinary clinics (without boarding for veterinary services)

Height Limitations:
• Maximum building height is 120 feet, except for buildings located within 150 feet of adjoining residential districts, where the height is limited to 55 feet or four stories.
• All structures must also comply with applicable Federal Aviation Administration (FAA) height restrictions due to proximity to the Miami International Airport.

Residential Density:
• The maximum residential density shall be 24 dwelling units per net acre. In the instance of mixed-use development, the minimum residential density shall be 12 dwelling units per net acre