For Sale
$7,000,000

5020 Irlo Bronson Memorial HwyKissimmee, FL 34746

106 Units, 5 Acres, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5-acre property in Kissimmee, Florida, presents a unique investment opportunity. Currently housing a 106-unit, two-story motel (46,468 heated square feet) built in 1981 with 30% occupancy, this Class B property offers significant upside potential. The existing motel structure provides immediate income generation, while the expansive lot size and OCT zoning (Commercial Tourist – 40/80 du/acre) allow for substantial redevelopment. Preliminary plans suggest the possibility of converting the existing motel into a 106-unit apartment complex or developing a new 400-unit multifamily/mixed-use project. The property boasts 330 feet of frontage on West Irlo Bronson Memorial Highway, a prime location near major attractions including Wyndham Vacation Resorts, Star Island Resort & Club, and numerous golf courses, healthcare facilities, and upscale retail and dining options. Permitted uses under the current zoning include multi-family, mixed-use, hospitality, commercial, medical, and healthcare developments. The asking price is $7,000,000, representing a price per unit of $66,037.74 for the existing motel. This fee-simple ownership opportunity is ideal for investors seeking a high-return project with diverse development possibilities. The property's APN is 11 25 28 0000 0155 0000.

Highlights

  • 106-unit motel on 5 acres.
  • Proposed conversion to a 106-unit apartment complex.
  • Alternative development plan for a 400-unit multifamily/mixed-use project.

Property Details for 5020 Irlo Bronson Memorial Hwy

Property type
Mixed-use properties, Hospitality properties
Square Feet
46,468 SF
Class
B
Year Built
1981
Buildings
3
Stories
2
Lot Size (sq. ft)
217,800 SF
Units
106

Location Insight

City
Kissimmee
County
Osceola
State
Florida
Latitude
28.3319456
Longitude
-81.4834234
5020 Irlo Bronson Memorial Hwy, Kissimmee, Florida

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5020 Irlo Bronson Memorial Hwy
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