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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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