1307 Main StKissimmee, FL 34744

Property Details for 1307 Main St

Year built

1945

Lot size

0.33 AC

Property size (Sq ft)

969 SF

Zone code

KB3

Property type

Hospitality properties

Property subtype

Hotels

APN

222529105000060040

APU

222529105000060040

Description

This exceptional 0.65-acre property in Kissimmee, Florida, presents a compelling redevelopment opportunity. Currently operating as a three-property assemblage including a 17-room motel, a single-family residence, and a vacant commercial lot, this offering presents significant potential for various uses. Located at 1307 N Main St, 34744, this site enjoys a highly visible position at the gateway to downtown Kissimmee, just south of the intersection of North Main Street and US 192, a fully signalized intersection boasting approximately 58,626 vehicles per day. The property's zoning is T-5M, allowing for a range of possibilities, including multi-family residential, hospitality, professional office space, and retail establishments. The single-story, 1945-built motel comprises 18 units. With frontage on three streets, this assemblage offers excellent accessibility and exposure. The asking price for this unique investment opportunity is $1,500,000. This is a rare chance to acquire a significant piece of Kissimmee real estate with substantial upside potential in a thriving location. The property's strategic location and flexible zoning make it an ideal candidate for a variety of development projects, catering to the growing needs of the Kissimmee community.

• CAP approach

  CAP return

  Valuation

  6%

  $321,673

  6.5%

  $296,929

  7%

  $275,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $466,823

  Geo Method

  $357,581

• Alternative Use

  Use

  Valuation

  Residential

  $324,161

  Hospitality

  $296,929

  Educational

  $247,042

  Medical

  $255,538

  Retail

  $384,287

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Latitude

28.3039

Longitude

-81.4033

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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