7516 Irlo Bronson Memorial HwyKissimmee, FL 34747

Property Details for 7516 Irlo Bronson Memorial Hwy

Year built

1983

Lot size

2.53 AC

Property size (Sq ft)

15,900 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

112527339900010020

APU

112527339900010020

Description

This exceptional 2.53-acre mixed-use property in Kissimmee, Florida, presents a compelling redevelopment opportunity. Located at 7516 W Irlo Bronson Memorial Hwy, this site boasts 16,980 square feet of space, with 15,900 square feet of net rentable area, and is priced at $9,000,000 ($530.04 per square foot). The property currently houses an operating restaurant and retail businesses, supported by 138 parking spaces. An existing office building is available for remodeling, and an additional 3,400+ square feet offers significant development potential. The property benefits from a highly desirable "CT" Commercial Tourist zoning designation in Osceola County, strategically positioned between Interstate I-4 and SR 429, minutes from Celebration, FL and Margaritaville Resort. Irlo Bronson Highway (Highway 192) experiences over 100,000 vehicles weekly, ensuring high visibility and significant traffic flow. This presents a tremendous upside for cap rate and ROI, particularly attractive for a single-user owner/operator restaurant seeking to establish a branded concept or a new mixed-use development incorporating hotel, restaurant, and retail components. The property's location and zoning make it ideal for maximizing returns on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,831,110

  6.5%

  $6,305,640

  7%

  $5,855,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,214,059

  Geo Method

  $6,291,878

• Alternative Use

  Use

  Valuation

  Residential

  $5,319,044

  Hospitality

  $4,872,216

  Educational

  $4,053,626

  Medical

  $4,193,036

  Retail

  $6,305,640

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Latitude

28.3317

Longitude

-81.5871

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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