150-Unit Hotel to Apartment or Senior Housing Conversion

4985 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

Description This opportunity proposes the conversion of a 150-Room Hotel into 150-Unit apartments. This concept has been successfully accomplished with hotel conversions within close proximity to the subject hotel. The proposed project introduces an operating hotel to become converted into an apartment building that includes: 3.5-Acres MOL 150-Units (136 Studios & 14 One Bedroom Units) Unit Size: Studios 323 SF, One Bedroom 646 SF Four Buildings/2-Stories/56,894 SF/Exterior Corridor Built: 1985 Outdoor Heated Pool & Hot Tub Fitness Center Salon Lofts (Accommodate Tenants and Walk-in traffic) Parking: 164 Spaces Conversion/Development: One of the partners of this hotel has plans for the hotel-apartments conversion and will complete the project. Highlights 150-Unit Hotel to Apartment or Independent Living Conversion Opportunity LONG-TERM SELLER FINANCING OFFERED Developer has plans for the Conversion

Contact

Broker or Owner Contact
Benny Spensieri
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1430
Building Size 59894
Site Size (acres)
Zoning OPD/PLANNED DEV
Year Built 1985
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 15500000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.334176
Longitude -81.482348
County Osceola County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider