3200 S Orlando DRIVE, Sanford, FL, 32773 | $10,750,000

This wonderful lake-front independent motel with a dock is one of the few nice lodging properties located near the Orlando Sanford International Airport. With the inevitable future growth of Greater Orlando, it is well positioned to accommodate the explosive expansion of the future use of an alternative airport in Central Florida along the I-4 corridor from Orlando to Daytona Beach. It is a precious opportunity to own a major hospitality asset right before that high growth begins. The owner has owned and taken great care of the property for over 30 years, having raised their family in this unbelievable water-front paradise. All rooms, building structures and swimming pool are in good shape. Although the business has been quite profitable there are still many untapped future growth potential. The restaurant, commercial grade kitchen and the conference room have not been operating for a long time and there exists a great opportunity for the new owner to start a restaurant or lease it to a restaurant operator as well as to use the conference room and the huge lake-front open space for many events. This will not only increase direct revenue but also create synergy for many more lodging customers. Ideas are unlimited for a new owner with savvy marketing skills to double or triple the revenue for the property. There is an opportunity to sign on a flag to get plenty of incentives from a major franchise company for the new owner.

Features

  • Property Type: Hotel/Motel
  • Construction: Concrete
  • Cooling: Other
  • Year Built: 1973
  • Approx Sq. Feet: 15,956
  • Acreage: 3.66
  • Est. Taxes: $37,676
  • MLS#: O6265692
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6265692/3200sorlandodrive_sanford_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/23/2024 8:47:07 PM)
Listing courtesy of INVESTORSALLY, LLC.   Phone: 888-388-5432

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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3200 S Orlando DRIVE, Sanford, FL, 32773

$10,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $8,600,000 $8,600,000 $8,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $3,140 $3,140 $3,140
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $55,779 $55,067 $75,507
Total Monthly Payment $59,044 $58,332 $78,772

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.