4651 W IRLO BRONSON MEMORIAL HIGHWAY

For sale Days on market 203

$6,000,000

$228/sq ft

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Overview

Year Built

1980

Sqft

26269

Property Type

Hotel/Motel

Property Description

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.

Property Details

MLS#

O6314349

Total Floor in Bldg

Address

4651 IRLO BRONSON MEMORIAL W

City

Kissimmee

State/county

Zip/Postal Code

34746

Area

Acreage & Unrec

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$71,812

Maint Fee

$--

Tax Year

2024

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