150-Rm Motel Or Conversion Opportunity
4985 W Irlo Bronson Memorial Hwy,
Kissimmee,
FL 34746
Located on Hwy 192 (Irlo Bronson Memorial Hwy), just 3 miles from Disney World and right in the middle of major commerce and hospitality, this property offers: 3.5-Acres MOL 150-Rooms (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 Kitchen/Cafeteria Parking: 164 Spaces The motel business did experience a downturn in business as a direct result of Covid-19. Since this time the business has improved 20% every year and is on a trajectory for another 20% increase in 2025. Conversion Opportunity: 55+/Independent Living. This hotel offers a full- service kitchen and close to 4,245 SF, where the reception area is, that could accommodate IL residents for eating/recreation area. The on-site amenities, such as the pool and fitness center are also available to the residents. Extended Stay Opportunity: the rooms are sufficient in size to accommodate the installation of kitchenettes, offering the chance to continue operating as a licensed motel offering extended stay services. This business model saves from having to pay exorbitant impact fees on the conversion. Independent Living Area Competition: There are seven Independent Living communities located in Kissimmee. Independent Living Unit Rates: The average cost of independent living in Kissimmee is $3,158 per month . This is higher than the national median of $2,810. Asking Price: $12,000,000 OBO
Contact
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Broker or Owner Contact
Benny
Spensieri
CRES Corp International
,
Phone:
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
| Property ID |
36fce4fb-a0c2-4638-a3a9-267483a8454a |
| Building Size |
56894 |
| Site Size (acres) |
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| Zoning |
OPD/PLANNED DEV |
| Year Built |
1985 |
| Number of Drive-In Doors |
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| Number of Dock-In Doors |
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| Clearance Height |
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| Drive-in Doors |
no |
| Sprinklered |
no |
| Parking Ratio |
0 |
| Updated |
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| Number of Parking Spaces |
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| Parking |
no |
| HVAC |
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Pricing
| For Sale |
yes |
| Sale Price |
12000000 |
| For Lease |
no |
| Lease Type |
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| Lease Cost |
0 |
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Geographic and Infrastructure
| Latitude |
28.3341987 |
| Longitude |
-81.4824206 |
| County |
Osceola County |
| Rail Access |
no |
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Utilities
| Service to Property |
no |
| Electric Provider |
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| Gas On Site |
no |
| Gas Provider |
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| Water On Site |
no |
| Water Provider |
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| Fiber Optics |
no |
| Telecom on Site |
no |
| Sewer On Site |
no |
| Sewer provider |
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Unused Data Points
| status |
active |
| businesspark |
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| buildingtypes |
B |
| contiguous |
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| saleprice |
12000000 |
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| expandableYesNo |
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| description_lower_first |
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