Active

$10,750,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 15956 sq ft
Overview
  • ID: MFRO6265692
  • Bedrooms:
  • Bathrooms: 0
  • Size: 15956 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$10,750,000
HOA Fee:
N/A
Tax Amount:
$37676
Price per SqFt:
$266
Tax Legal Description:
SEC 11 TWP 20S RGE 30E BEG 1511.51 FT S + 484.07 FT W OF NE COR OF SEC RUN N 64 1/2 DEG W 530.9 FT S 25 1/2 DEG W 300 FT S 64 1/2 DEG E 530.9 FT N 25 1/2 DEG E 300 FT TO BEG
Exterior Features
Lot Size:
159270
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Other
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1973
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    3200 S ORLANDO DR
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