Active

$5,999,999

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2768 sq ft
Overview
  • ID: MFRP4937065
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2768 sq ft
Property Details
Remarks
Prime Redevelopment Opportunity in Lake Alfred — 0.89 Acres with Guest Cottages Discover an exceptional investment and redevelopment opportunity in the heart of Lake Alfred. Situated on 0.89 acres, this property currently features nine individual guest-style cottage units offering flexible use as short-term or long-term rentals. A separate utility shed also sits on the property, providing additional storage or operational space. With its spacious layout, existing structures, and highly desirable location, this property is ideal for redevelopment into a modern motel, income-producing multi-unit lodging, boutique cottages, or commercial mixed-use concepts. Investors and developers will appreciate the expansive footprint, strong local growth, and proximity to major thoroughfares, lakes, and Central Florida attractions. Whether you plan to renovate, reimagine, or rebuild entirely, this site presents a rare opportunity to bring a new vision to one of Lake Alfred’s most promising commercial corridors. Unlock the full potential of this unique property and create the next standout lodging or commercial destination in Lake Alfred.
Financial Considerations
Price:
$5,999,999
HOA Fee:
N/A
Tax Amount:
$6229.68
Price per SqFt:
$2167.63
Tax Legal Description:
REPLAT OF BLOCKS 7 & 8 ROCHELLE TERRACE PB 31 PG 41 BLK 8 LOTS 1 & 2 LESS ST RD 600
Exterior Features
Lot Size:
38908
Lot Features:
City Limits, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 6 to 12
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1954
Construction Type:
Concrete, Vinyl Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Southeast
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1255 S LAKE SHORE WAY
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