Property Description

>>>> PRICE REDUCED!!! Owner wants offers and is motivated!!! <<<< The property is situated in a PRIME LOCATION, making it attractive for various business opportunities due to its accessibility and visibility. Located directly on E Irlo Bronson Memorial Highway and less than a 1/2 mile from the Florida Turnpike, the subject property is readily accessible to various local, county, state and interstate highways. Highway 17-92, highway 441, Florida Turnpike, Interstate 4 all pass within several miles of the site and serve as major communication and intra-regional transport routes linking Orlando, Kissimmee, St. Cloud, Melbourne, Tampa and Miami. This area continues to be developed and redeveloped, and the possibilities are promising. Currently there are 8 separate structures that include a single-story motel with 15 1st Floor units and 3 2nd Floor Units; several stand-alone apartments; and mobile homes, for a total of 40 RENTAL UNITS. The income is good, with the hotel/motel and additional rental units, and has a great upside potential, but the real value in this property is in the land. The income producing part of this property lies on the front 1 acre while the 1+ acre in the rear remains vacant just waiting to be developed. With a mix of residential and commercial opportunities, it is a versatile area for living, investment or redevelopment. This property presents a significant investment opportunity in a growing area of Kissimmee, Florida. Per the owner, "$30,000 Monthly Gross with $10,000 Monthly Overhead"

Property Details