For Sale
$55,000,000

0 International DrOrlando, FL undefined

Luxury Hotel & Commercial Land Package

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional package sale presents a prime development opportunity in Orlando, Florida. Encompassing 35-37 acres on International Drive, this offering includes five buildings totaling 1,500,000-1,600,000 square feet, with 2,000 keys and 10 stories. The property boasts an existing 2,000-key hotel, completed in 2024, currently operating at 80% occupancy, projected to reach 100% by November 1, 2024. The substantial NOI of $10,000,000 is projected to double to $20,000,000. Further development potential is significant, with approvals in place for an additional 2,500 keys, including 10,000 square feet of penthouses, 20 lakefront villas, and seven floors of commercial retail space. The land value alone is estimated at $400-$500 per square foot, and the asking price for this entire package is $55,000,000, representing a price per key of $1,000,000. The property is zoned AC-3/SP, offering flexibility for future development. This is a unique opportunity to acquire a substantial, high-performing hospitality and commercial asset with significant upside potential. The property features 1,550,000 square feet of air rights.

Highlights

  • Prime 35-37 acre development opportunity in Orlando, FL on International Drive.
  • Existing 2,000-key hotel (1,500,000-1,600,000 SF, 10 stories) with 80% occupancy, projected to reach 100% by November 1, 2024, generating a $10M NOI projected to double.
  • Approved for an additional 2,500 keys, including 10,000 SF of penthouses, 20 lakefront villas, and 7 floors of commercial retail space.
  • $55,000,000 asking price; land value estimated at $400-$500/SF; $1,000,000 price per key.
  • Zoned AC-3/SP; 1,550,000 SF of air rights.

Property Details for 0 International Dr

Property type
Land, Hospitality properties
Square Feet
1,500,000 SF
Year Built/Renovated
2024/2024
Buildings
5
Stories
10
Lot Size (sq. ft)
1,524,600 SF

Location Insight

City
Orlando
County
Orange
State
Florida

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0 International Dr
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