Property Listing No Longer Available for Sale

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
UpdatedDecember 6th, 2017
TypeMotel
Price$5,866,667
Building38,712 Sq. Ft.
Land2.4 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


Financials