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$10,750,000
Est. payment /mo
15,956 SqFt
UPDATED:
12/19/2024 10:32 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 15,956 sqft
Price per Sqft $673
MLS Listing ID O6265692
HOA Y/N No
Originating Board Stellar MLS
Year Built 1973
Annual Tax Amount $37,676
Lot Size 3.660 Acres
Acres 3.66
Property Description
This wonderful lake-front independent motel with a dock is one of the few nice lodging properties located near the Orlando Sanford International Airport. With the inevitable future growth of Greater Orlando, it is well positioned to accommodate the explosive expansion of the future use of an alternative airport in Central Florida along the I-4 corridor from Orlando to Daytona Beach. It is a precious opportunity to own a major hospitality asset right before that high growth begins. The owner has owned and taken great care of the property for over 30 years, having raised their family in this unbelievable water-front paradise. All rooms, building structures and swimming pool are in good shape. Although the business has been quite profitable there are still many untapped future growth potential. The restaurant, commercial grade kitchen and the conference room have not been operating for a long time and there exists a great opportunity for the new owner to start a restaurant or lease it to a restaurant operator as well as to use the conference room and the huge lake-front open space for many events. This will not only increase direct revenue but also create synergy for many more lodging customers. Ideas are unlimited for a new owner with savvy marketing skills to double or triple the revenue for the property. There is an opportunity to sign on a flag to get plenty of incentives from a major franchise company for the new owner.
Location
State FL
County Seminole
Zoning GC2
Interior
Cooling Other
Exterior
Community Features Airport/Runway, Expressway
Waterfront Description Lake
View Y/N Yes
Water Access Yes
Water Access Desc Lake
Building
Entry Level Two
Foundation Slab
Lot Size Range 2 to less than 5
Structure Type Concrete
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by INVESTORSALLY, LLC.
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