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830 Lee RdOrlando, FL 32810

145-unit hotel, high occupancy, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This 69,776 square foot, fee-simple owned hotel boasts 145 units with a current 90% occupancy rate. Situated on a 1.76-acre lot in Orlando, Florida (zip code 32810, 830 Lee Rd), this property offers significant upside potential. The building, constructed in 2006 and renovated in 2006, presents a deep value-add opportunity. Its prime location on Lee Road (36,500 AADT) provides immediate access to Interstate 4 (170,000 AADT), ensuring high visibility and accessibility. Nearby amenities include McDonald's, Walmart, 7-Eleven, Home Depot, Starbucks, and Denny's, all within walking distance. A bus stop is conveniently located on-site. The property's proximity to Downtown Winter Park (2.5 miles), known for its upscale dining and shopping, further enhances its appeal. The surrounding area demonstrates strong demographics, with 279,339 people residing within a 5-mile radius and an average household income of $87,654 within 3 miles. The property's versatility allows for future uses such as an assisted living facility or multi-family housing. The cost to construct a comparable new building would exceed $30 million. This presents a unique opportunity to acquire a well-located, high-performing asset with substantial future development potential.

Highlights

  • 145-unit hotel with 90% occupancy.
  • Recently renovated, offering value-add potential and future redevelopment options including assisted living or multifamily. New construction cost exceeds $30 million.
  • Excellent location on Lee Road (36,500 AADT) with immediate I-4 access (170,000 AADT).
  • Prime location near numerous amenities including McDonald's, Walmart, 7-Eleven, Home Depot, Starbucks, and Denny's. On-site bus stop.
  • 2.5 miles from Downtown Winter Park.
  • Strong demographics: 279,339 people within a 5-mile radius and an average household income of $87,654 within 3 miles.

Property Details for 830 Lee Rd

Property type
Retirement homes, Mixed-use properties
Square Feet
69,776 SF
Year Renovated
2006
Buildings
1
Lot Size (sq. ft)
76,666 SF
Units
145

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.607944363267
Longitude
-81.392343041278
830 Lee Rd, Orlando, Florida

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830 Lee Rd
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