307 E Vine St - Hospitality FOR SALE


Kissimmee, FL 34744- Downtown Kissimmee
$2,500,000 USD
407-782-4866
307 E Vine St, Kissimmee, FL for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/87
null | 10.83% Cap Rate

307 E Vine St
Kissimmee, FL 34744
Downtown Kissimmee


HIGHLIGHTS

  • 49500 AADT
  • Completely renovated Motel with 26 Rooms
  • On site Manager

OVERVIEW

Unlock the potential of this prime investment gem: a 27-room motel nestled at 307 E Vine St, Kissimmee, FL 34744. Recently refurbished rooms boast contemporary allure, attracting a steady stream of guests. The property's flexible rental options cater to both short-term and long-term stays, ensuring consistent high occupancy rates. Boasting a cap rate over 10%, this venture guarantees impressive returns. Convenient access to E Vine St facilitates guest arrivals, promising a seamless experience. The motel's spacious rooms rent at $385 weekly, with four large apartment units commanding $450 per week. A dedicated manager suite and check-in office streamline operations for on-site staff, enhancing efficiency. Ingress and egress to E Vine St, with 49,500 AADT traffic flow, secures a bustling clientele for this sought-after location, surrounded by premier retailers, shopping hubs, and Orlando MSA attractions. This Motel is listed for $2.5M and the next door Motel Budget Inn East also listed on the market for $2.5M separately can be sold as a portfolio sale for $5M and the seller has the option to purchase the land behind the Motels which consists of 0.70 Acre vacant lot at W Cypress St, Kissimmee, FL 34744, that makes the entire property over 1.90 Acres for $5.9M altogether for an interested party.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$143 USD /SF

# OF ROOMS

26

PRICE/ROOM

$96,154 {currency}

CAP RATE

10.83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn East

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

KB3

APN/PARCEL ID

15-25-29-1050-00H8-0050

ASK ABOUT THIS PROPERTY

Ozan CifciPremium Properties Real Estate, LLCMore Info
407-782-4866

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Ozan CifciPremium Properties Real Estate, LLCMore Info
407-782-4866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.