$2,185,000

6401 N Orange Blossom Trail

ORLANDO FL, 32810

Description

This is a small, family run 20 room motel generated $128/per room per day for 2018. The income is currently running approximately 4.8% higher for the first half of 2019. The property was remodeled in 2017 which brought the income up from $94/per day in 2017. This is a highly profitable, turn key business, which includes a current tobacco license as well as a beer/wine license (can be transferred to new owners). Also included is a new, remodeled laundry room onsite, and an owner's suite. The owner's suite (approximately 2,285 sf) consists of two kitchens, large family room, 3 bedrooms and 2 full bathrooms. The motel generated close to $32,000 in additional income in 2018 from providing beer, wine, tobacco and misc. items. The motel has been run as a short stay motel (typically 2 hour rentals) for 40 years. The current owners have spent the last 2 years remodeling and upgrading the property. There is current no know deferred maintenance on the property. The business is easy to learn. It typically takes a couple of hours to train new management. The current owner has completed manual detailing all aspects of running the business. Current operational hours are 9 am to 12 pm. There are no over night guests. The management of the property runs a super clean, efficient and profitable business.

Details

MLS#O5808453
StyleIndustrial
Sub-TypeResale
StatusActive
Year1949
Days On Site23

Features

SQ Feet8,277
Story(s)1
ZoningC-2

Market Activity 32810

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32810
Area32810 - Orlando/Lockhart
Listing VS Median (in 32810)
Price:
$2,185,000
low | high
Med:
$190,000
100% of Average
SqFt:
8,277
low | high
Med:
1,621
100% of Average
$ / SqFt:
$264
low | high
Med:
$117
100% of Average
On Site:
23
low | high
Med:
82
28.048780487805% of Average
Listing Updated: 09/18/2019
MLS Number: O5808453
Listing Provided By:
Warren Gagne  of  NEXTHOME NEIGHBORHOOD REALTY

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