150 S WESTMONTE DR, Altamonte Springs, FL
Motel for Sale - $5,866,667 - 38,712 Sq. Ft. on 2.4 acres
Property Info
| CIMLS# | 964985 |
| Location 150 S WESTMONTE DR Altamonte Springs FL 32714 | |
| Updated | December 6th, 2017 |
| Type | Motel |
| Price | $5,866,667 |
| Building | 38,712 Sq. Ft. |
| Land | 2.4 acres |
Property Description
SVN Florida is proud to exclusively represent Entitled 110 Rooms Hotel located in sought after Altamonte Springs Intersection. Current 110 Rooms in use. Can be purchased as-is as current operation or Redevelopment. Has shared access easement with Fifth Third Bank as Out Parcel. Financials include $80,000 Management/ salary deduction. *Buyer pays Franchise Transfer or Termination fees for cancellation of franchise
Located in Altamonte Springs Regional Business Center Core West.
Location Description:
Located in sought after Altamonte Springs West on Semoran Blvd (Hwy 436) behind Fifth Third Bank Out parcel to this future potential development. Westmonte Drive is south of Semoran Blvd ( Hwy 436)
Highlights:
>> Room: 110 Rooms
>> Cap Rate: 12.48%
>> Unencumbered of Management
>> Land Size: 2.4 Acres
>> Prime Redevelopment Site
>> Traffic count: SR 436: 48,500 Westmonte Dr 5,300
* Email for additional photos
