Heritage | 2050 E Irlo Bronson Memorial Hwy
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Heritage 2050 E Irlo Bronson Memorial Hwy
44,200 SF 100% Leased Retail Building Kissimmee, FL 34744 $6,500,000 ($147/SF) 11.54% Cap Rate
Investment Highlights
- Located only 1.1 mile from Silver Spurs Arena
- Ownership flexibility -Condo Conversion
- Good Income Opportunity
Executive Summary
Present seller rents and manages the units. Property has 110 to 120 units for sale. Aprox. Indivual units are appraised at $103K each unit.
10 units are individually owned and not for sale. The owner individually deeded the units so they are now really condo hotels (No kitchen). which allows for owner to individually sell the units. Contact us with your CASH offer !!
Building is being sold with Lobby , Office spaces , Breakfast area and Event room. New owner will manage the units as well as the HOA because he or she will be the Majority owner. There are presently 5 employees that will be willing to stay with New Owner. The majority of the units have had renovations including new flooring , new bathroom fixtures and Ac units. Property offers laundry facility onsite for employees, outside sitting area and Out door pool with lounge chairs. Location is up and coming as the NEO city has begun their constructions and development stages just 10 minutes down the road bringing new folks to the area which is great for more rental opportunities. Motel is just 2 minutes from Spurs arena that welcomes many visitors from all over that stay in this motel during their events.
10 units are individually owned and not for sale. The owner individually deeded the units so they are now really condo hotels (No kitchen). which allows for owner to individually sell the units. Contact us with your CASH offer !!
Building is being sold with Lobby , Office spaces , Breakfast area and Event room. New owner will manage the units as well as the HOA because he or she will be the Majority owner. There are presently 5 employees that will be willing to stay with New Owner. The majority of the units have had renovations including new flooring , new bathroom fixtures and Ac units. Property offers laundry facility onsite for employees, outside sitting area and Out door pool with lounge chairs. Location is up and coming as the NEO city has begun their constructions and development stages just 10 minutes down the road bringing new folks to the area which is great for more rental opportunities. Motel is just 2 minutes from Spurs arena that welcomes many visitors from all over that stay in this motel during their events.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
44,200 SF
Building Class
B
Year Built
1973
Price
$6,500,000
Price Per SF
$147
Cap Rate
11.54%
NOI
$750,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Land Acres
4.50 AC
Opportunity Zone
Yes
Zoning
OTSC
Parking
150 Spaces (3.39 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Courtyard
- Dedicated Turn Lane
- Pool
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Car Charging Station
- Monument Signage
- Air Conditioning
-
Edwin Nieves -
Maribel Nieves -
Charles Rutenberg Realty
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Heritage | 2050 E Irlo Bronson Memorial Hwy
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