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                                                                                             , 34714  Madison 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.

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Ultimate Mortgage Lenders Mortgage Lenders Jason Tylor (954) 849-7745 Request Quote
Listing Location
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11909 West 6th Avenue , Evergreen Colorado                                                                                             80401
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16921 E. 32nd Avenue , Aurora Colorado                                                                                             80011
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12020 E 39th Ave , Denver Colorado                                                                                             80239
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8000 E Peakview Ave , Greenwood Village Colorado                                                                                             80111
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16921 E. 32nd Avenue , Aurora Colorado                                                                                             80011