$10,750,000
Active · 1 days on market · MLS# MFRO6265692
| Living area | 15,956 sq ft |
|---|---|
| Lot size | 3.66 acres |
| Year built | 1973 |
| Property type | Hotel/Motel |
| Waterfront | Yes |
| Annual taxes | $37,676 |
| County | Seminole |
This wonderful lake-front independent motel with a dock is one of the few nice lodging properties located near the Orlando Sanford International Airport. With the inevitable future growth of Greater Orlando, it is well positioned to accommodate the explosive expansion of the future use of an alternative airport in Central Florida along the I-4 corridor from Orlando to Daytona Beach. It is a precious opportunity to own a major hospitality asset right before that high growth begins. The owner has owned and taken great care of the property for over 30 years, having raised their family in this unbelievable water-front paradise. All rooms, building structures and swimming pool are in good shape. Although the business has been quite profitable there are still many untapped future growth potential. The restaurant, commercial grade kitchen and the conference room have not been operating for a long time and there exists a great opportunity for the new owner to start a restaurant or lease it to a restaurant operator as well as to use the conference room and the huge lake-front open space for many events. This will not only increase direct revenue but also create synergy for many more lodging customers. Ideas are unlimited for a new owner with savvy marketing skills to double or triple the revenue for the property. There is an opportunity to sign on a flag to get plenty of incentives from a major franchise company for the new owner.
Listing courtesy of Ralph Liu, INVESTORSALLY, LLC.. Presented by MC Homes Realty Inc · 727432218.