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230 State Road 436Altamonte Springs, FL 32714

263-Room Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 263-key hotel, the Opal Hotel & Suites, presents a compelling investment opportunity in Altamonte Springs, Florida. Situated on a 5.6-acre lot (APN: 14-21-29-529-0000-0020), this four-story property boasts 126,205 square feet and underwent a complete renovation in 2021. Originally built in 1971, the hotel benefits from its strategic location near Interstate-4 and State Road 436, offering excellent visibility and accessibility with an average annual daily traffic count of approximately 56,500 vehicles on the adjacent section of State Road 436. The MOC-2 zoning permits diverse redevelopment options, including potential conversion to multifamily housing to capitalize on the area's high demand for rental units. The property's proximity to Downtown Orlando (approximately 10 miles) provides access to a robust economy, diverse employment opportunities, and a thriving tourism sector. Furthermore, its location near affluent areas like Winter Park, Maitland, and Winter Springs enhances its appeal. Over $3.5 million in capital improvements were completed between 2019 and 2021. This independent hotel offers significant value-add potential through operational efficiencies, repositioning strategies, and the addition of new amenities. The property's size and location within the Orlando MSA, a top-performing metropolitan statistical area and major tourism hub, make it an attractive investment for those seeking a sizable position in a high-growth market.

Highlights

  • 263-key hotel on 5.6 acres in Altamonte Springs, Florida, offering a significant position in the high-growth Orlando MSA.
  • Substantial value-add potential through operational efficiencies and repositioning.
  • MOC-2 zoning allows for multifamily conversion to meet high rental demand.
  • Opportunity to add amenities, such as a new pool bar and cafe.
  • Over $3.5 million in capital improvements completed between 2019 and 2021.
  • Located approximately 10 miles from Downtown Orlando, offering access to a strong economy and tourism sector.

Property Details for 230 State Road 436

Property type
Hospitality properties, Motels
Square Feet
126,205 SF
Year Built/Renovated
1971/2021
Stories
4
Lot Size (sq. ft)
243,936 SF

Location Insight

City
Altamonte Springs
County
Seminole
State
Florida
Latitude
28.6601954
Longitude
-81.3909327
230 State Road 436, Altamonte Springs, Florida

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230 State Road 436
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