KISSIMMEE, FL 34746

Property

Ownership: Corporation
Type: Unknown
Lot Size: 1.9 Acres

Financials

Price:$6,000,000
Annual Taxes:$71,812.52
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of INVESTORSALLY, LLC.

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 ...

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.

Amenities

  • Bathrooms
  • Public
  • Reception

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.