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106-Unit Conversion Or 400-Unit Development 5020 W Irlo Bronson Memorial

106 Room Hotel Kissimmee, FL 34746 £5,523,000 (£52,104/Room)

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Investment Highlights

106-Unit Motel on 5-Acres
400-Unit Multifamily/Mixed-Use Development

Proposed 106-Unit Apartment Conversion OR

Executive Summary

This offering includes a 108-Rm motel situated on 5-acres MOL, offering 330 feet of roadway frontage on Irlo Bronson Memorial Hwy. Owners have tentative plans to develop 384 Multifamily/Mixed-Use, as current zoning permits.
Property includes:
·        5-Acres MOL
·        106-rm/2-Story/46,468 Htd SF
·        Year Built: 1981
Within proximity to the Property along the W. Irlo Bronson Memorial Highway Corridor is the Wyndham Vacation Resorts, Star Island Resort & Club, Legacy Vacation Resort, The Grand Orlando Resort at Celebration, Falcon’s Fire and Celebration Golf Courses, Advent Health Celebration, and Upscale Retail, Restaurants and Entertainment Venues.
Zoning: OCT (Commercial Tourist – 40/80 du/acre)
Permitted Uses: Multi-Family, Mixed- Use, Hospitality, Commercial, Medical, Healthcare
Proposed developments:
·        Apartments/Condo’s/Mixed-Use
·        Nursing Home/Assisted Living/Memory Care/Independent Living
·        Medical Facility/Professional Office/Pharmacy
·        Hotel/Condo-Hotel/Retail/Restaurant

5020 IBM Hwy - Report

Property Facts

Price	£5,523,000	Building Size	47,282 SF
Price Per Room	£52,104	No. Rooms	106
Sale Type	Investment	Number of Floors	2
Property Type	Hospitality	Year Built	1981
Property Subtype	Hotel	Parking Ratio	2.35/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	5.00 AC

Price	£5,523,000
Price Per Room	£52,104
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	5.00 AC
Building Size	47,282 SF
No. Rooms	106
Number of Floors	2
Year Built	1981
Parking Ratio	2.35/1,000 SF
Corridor	Exterior