145 room Hotel 4 miles from Downtown Orlando - $5,500,000
O5481815
Possible new terms on existing mortgage that can be assumed. Fantastic location in epicenter of economic development and growth. this was a once flagged hotel now running as an independent. It is 145 rooms, 5 floors, full service breakfast facility, business center, outdoor pool, suites to quick serve nightly rates. RevPOR per area is $75+ , average RevPAR based on demographic area is $125 not withstanding the influx due to conventions, sporting events, concerts etc. This hotel is less than 4 miles from the stadiums and downtown Orlando. Hotel has easy access to I-4 north and south. This Hotel can be flagged again as a corporate hotel or as an independent. No international reservation system in place at this time and still increasing occupancy month over month.
Property Features
Air Conditioning: Wall Units/Window,Zoned/Multiple
Block Parcel: 00
Ceiling Type: Acoustical
Current Price: 5500000.00
Driving Directions: coming from downtown take I4 east to Lee Rd. exit go west Hotel is on left hand side.
Exterior Construction: Concrete Block,Stucco
Flood Zone Code: A
Floor Covering: Carpeted
Heatingand Fuel: Central Building,Central Individual
Internet YN: 1
Legal Description: FROM SW COR OF NW1/4 OF NW1/4 RUN E 329.32 FT N 120.23 FT TO SLY R/W LEE RD FORPOB ELY ALONG CURVE 165 FT S 3 DEG W 191.05 FT E 32.32 FT S 3 DEG W 130.92 FT W13.06 FT S 1 DEG E 125 FT W 175 FT N 3 DEG E 82.8 FT N 11 DEG W 257.81 FT NELY 80.53 FT TO POB IN SEC 02-22-29
Location: Central Business Distric,Expressway,In City Limits,On Bus Line
Lot Num: 60
Lot Size Sq Ft: 76876
LP Sq Ft: 81.02
Millage Rate: 17.6480
MLS Area Major: Orlando/Lockhart
Net Leasable Sq Ft: 69776
Numof Hotel Motel Rms: 145
Original List Price: 5500000.00
Parking: Over 30 Spaces
Postal Code Plus 4: 5519
Property Status: Existing
Property Style COM: Motel/Hotel
Road Frontage: Main Thoroughfare
Special Sale Provision: None
Sq Ft Gross: 69776
Sq Ft Heated: 67886
Total Acreage: One + to Two Acres
Total Num Buildings: 1
Transportation Access: Airport,City,County,Interstate,State Highway
Utilities: City Water,Electric,Public Sewer,Public Utilities,Public Water
Zoning: C-2
Years of Ownership Prior to Leasing Required Y/N: No
Existing Lease or Tenant Y/N: No
Association Approval Required Y/N: No
Month to Month or Weekly Y/N: No
Can Property Be Leased Y/N: No
Building Has Elevator Y/N: No
Flood Zone Panel: 12095C0235F
