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Eric Larkin

eric@ericlarkin.com +1(321) 795-1854

$ 10,750,000

Est. payment -/mo

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3200 S ORLANDO DR Sanford, FL 32773

15,956 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 15,956 sqft

Price per Sqft $673

MLS Listing ID O6265692

Construction Status Completed

HOA Y/N No

Year Built 1973

Annual Tax Amount $37,676

Lot Size 3.660 Acres

Acres 3.66

Property Sub-Type Hotel/Motel

Source Stellar MLS

Property Description

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.

Location

State FL

County Seminole

Area 32773 - Sanford

Zoning GC2

Interior

Cooling Other

Exterior

Community Features Airport/Runway, Expressway

Waterfront Description Lake

View Y/N Yes

Water Access Yes

Water Access Desc Lake

Building

Entry Level Two

Foundation Slab

Lot Size Range 2 to less than 5

Structure Type Concrete

New Construction false

Construction Status Completed

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6265692

Listed by INVESTORSALLY, LLC.

Eric Larkin

Broker Associate | BKBK3049217

+1(321) 795-1854

Eric Larkin

3200 S ORLANDO DR Sanford, FL 32773

Key Details

Location

Interior

Exterior

Building

Others

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3200 S ORLANDO DR