Published on: Tuesday, October 1, 2024
Updated on: Tuesday, October 1, 2024
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About the Lister
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Name: Alex Kovacs
Company: Madison Commercial
Office Phone: 303-785-3803
Cell Phone: 303-514-7076
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  HOTEL REDEVELOPMENT PARCEL
9200 US Highway 192 Clermont Florida , 34714
9200 US Highway 192 Clermont Florida                                                                                             , 34714Madison Commercial
Listing ID: CL-Florida-12241

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Florida-12241
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1973
Building Size: 64,800.00 SqFt
Lot Size: 202,118.00 SqFt.
No of Stories: 2
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Contact broker for pricing! This property is back on the market. This is a former 197 unit hotel that was originally the Westgate Inn. It was planned for conversion in to a Howard Johnson by Wyndham, but funding never occurred, and the hotel has been vacant for a lengthy period of time.
Complete Details
Year Build: 1973
Building Size: 64,800 SqFt.
No of Stories: 2
Total Lot Area: 202118 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 0%
Full Description
Contact broker for pricing! This property is back on the market. This is a former 197 unit hotel that was originally the Westgate Inn. It was planned for conversion in to a Howard Johnson by Wyndham, but funding never occurred, and the hotel has been vacant for a lengthy period of time. Highest and best use is for work force housing conversion, or demolition and redevelopment as potentially 2 new hotels, or mixed use. Most commercial uses are allowed. The property was recently under contract for conversion of the hotel in to work force housing plus partial demolition an construction of a 7-story hotel on the highway frontage. Thie site is in the “Four Corners area”, as the boundary lines of 4 counties come together in this general location. The site is located approximately 6 miles from Walt Disney World, or an approximate drive time of 10 to 15 minutes. This regional location is growing rapidly, with strong occupancy rates for hotels. The property is located approximately one mile east of the high growth US 27 corridor. The site is level and approximately rectangular. There is 290 feet of frontage on US 192.
Additional Properties
Property Highlights
  • Centrally located 6 miles west of Disney World, with 290 feet of frontage on US Highway 192
  • Parcel size of 4.62 acres can accommodate one or more new hotel properties.
  • Property could be renovated. however, highest/best use is redevelopment to one/two new hotels.
  • Property has 290 feet of frontage on US Highway 192, with daily traffic counts of 45,000 vehicles per day.
Listing Location
Lister's other Properties
Address: 16921 E. 32nd Avenue , Aurora Colorado 80011
Listing ID: CL-Colorado-12413
Listing Type: Commercial
Category: Lodging and Hospitality - Inn
Status: Active
Created On: 10/14/2024
Modified On: 10/14/2024
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Address: MOTEL 6 PUEBLO, CO 4103 N. Elizabeth Street , Pueblo Colorado 81008
Listing ID: CL-Colorado-12412
Listing Type: Commercial
Category: Lodging and Hospitality - Motel
Status: Active
Created On: 10/14/2024
Modified On: 10/14/2024
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Address: 191 E. Pagosa Street , Pagosa Lakes Colorado 81147
Listing ID: CL-Colorado-12242
Listing Type: Commercial
Category: Lodging and Hospitality - Motel
Status: Active
Created On: 10/1/2024
Modified On: 10/1/2024
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Address: 2051 Main St. , Alamosa Colorado 81101
Listing ID: CL-Colorado-12240
Listing Type: Commercial
Category: Lodging and Hospitality - Motel
Status: Active
Created On: 10/1/2024
Modified On: 10/1/2024
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