Active

$6,000,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 26269 sq ft
Overview
  • ID: MFRO6314349
  • Bedrooms:
  • Bathrooms: 0
  • Size: 26269 sq ft
Property Details
Remarks
This 57-room (including manager's living quarters) property that sits on almost 2 acres of land is located on a nice area of the US192, which is the heart of the original commercial tourist district in metropolitan Orlando. Its proximity to the Orlando International Airport (MCO) and various theme parks makes it very attractive and yet, the beaches of the Atlantic Coast is only a little over an hour away when heading East on US192 to Melbourne. The owner has just finished the renovations and is willing to sell it at an attractive price for a quick sale. Due to its great location and decent physical conditions, it had revenue almost doubling that of the nearby rival lodging facilities even before the recent renovations. The delightful swimming pool is located right in the center courtyard which creates a fun atmosphere for all hotel guests the moment they arrive. A new owner with savvy online marketing skills can greatly enhance the revenue even further due to the larger number of rooms as compared to those nearby mostly 40-room motels. With its great past written financial track records, an experienced hotel operator may easily obtain a good loan for the purchase. It may be possible to build additional 16 guestrooms on site. County approval will be required.
Financial Considerations
Price:
$6,000,000
HOA Fee:
N/A
Tax Amount:
$71812.52
Price per SqFt:
$228.41
Tax Legal Description:
FROM NE COR OF NW 1/4 RUN S 1045.7 FT TO POB CONT S 238.47 FT, SWLY 351.74 FT TO E R/W US 192, NWLY ALONG R/W 215 FT, NELY 454.9 FT TO POB AKA RECORD MOTEL
Exterior Features
Lot Size:
84158
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Ground Level, Over 30 Spaces
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1980
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    4651 W IRLO BRONSON MEMORIAL HWY
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