2014 Colonial DrOrlando, FL 32804

Property Details for 2014 Colonial Dr

Year built

1967

Lot size

2.79 AC

Property size (Sq ft)

2,036 SF

Zone code

AC-2

Property type

Office properties

Property subtype

Office buildings

APN

27-22-29-0000-00-115

APU

272229000000115

Description

This exceptional 107-key Best Western hotel in Orlando, Florida presents a lucrative investment opportunity. The property boasts 62,369 square feet across three buildings on a 2+ acre lot (121,552 sq ft), featuring a two-story, 54,106 sq ft concrete structure with an exterior corridor, plus a 6,227 sq ft adjoining restaurant (Taste of Chengdu) and a 2,036 sq ft one-story office building. The hotel includes 138 parking spaces, a pool, a bar, and a conference room. Recent renovations encompass common areas (furniture, carpet), guest room bathrooms (flooring, vanities, tubs), and repainted walls. Located in downtown Orlando, the hotel benefits from high commercial, corporate, and tourist traffic, including proximity to Disney, Universal, and Camping World Stadium. The property offers a strong pro-forma NOI of $977,303 and a pro-forma cap rate of 10.86%, with an asking price of $9,000,000 ($144.30/sq ft). Built in 1967, the hotel is zoned AC-2 and features manager's living quarters. Significant upside potential exists with owner operation. The property is currently under absentee owner management. Serious inquiries only. Please schedule an appointment prior to visiting the property.

• CAP approach

  CAP return

  Valuation

  6%

  $451,699

  6.5%

  $416,953

  7%

  $387,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,713

  Geo Method

  $319,713

• Alternative Use

  Use

  Valuation

  Residential

  $517,021

  Hospitality

  $473,589

  Educational

  $394,020

  Medical

  $407,571

  Retail

  $612,921

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5522

Longitude

-81.4066

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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