International Dr Orlando, FL undefined

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.