656 East Dr | Miami, FL 33166
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- LoopNet Team
656 East Dr
Miami, FL 33166
Garden Inn · Hospitality Property For Sale
·
33,162 SF
Investment Highlights
- The hotel underwent a $2,500,000 renovation from 2021 till November of 2023 and has recently passed city and code inspections.
- Miami International Airport is located a few hundred feet south of the subject property.
- Opportunity to redevelop the separate parking parcel located to the northeast.
- Formerly known as the Runway Inn, the Garden Inn hotel has been rebranded and will feature 107 rooms, breakfast area, gym, garden terrace, etc.
- Miami Freedom Park is approximately two miles from the hotel and is officially under construction with completion of the first phase planned for 2025.
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1950/2023 |
| Building Class | B | Parking Ratio | 1.66/1,000 SF |
| Lot Size | 0.83 AC | Corridor | Interior |
| Building Size | 33,162 SF | ||
| Zoning | MUB, 6100 - Hotel/Motel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.83 AC |
| Building Size | 33,162 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 1.66/1,000 SF |
| Corridor | Interior |
| Zoning | MUB, 6100 - Hotel/Motel |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $7,571,747 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,571,747
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