Lu Rae Motel 3400 S US Highway 17/92

18 Room Hotel Casselberry, FL 32707 $2,000,000 ($111,111/Room) 14.56% Cap Rate

Investment Highlights

  • 53000 AADT
  • Lake front property

Executive Summary

With a loyal clientele base and a proven track record as a weekly rental business, Motel Lu Rae presents a unique value-add opportunity for savvy investors. Owners can leverage the flexible business structure to adjust weekly rates seasonally, maximizing cash flow potential. The seller is even open to offering owner financing, making this investment even more enticing. Don't miss out on this chance to own a piece of the thriving hospitality market in Seminole County – contact our agent today for more details!
The on-site Manager ensures seamless operations, offering guests top-notch service from check-in to maintenance needs. Complete with a convenient Laundry Room and ample parking, this Motel provides a comfortable stay for guests while offering easy access to major highways, making it a standout choice in the bustling Orlando MSA.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Property Facts

Price $2,000,000
Price Per Room $111,111
Sale Type Investment
Cap Rate 14.56%
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.75 AC
Building Size 7,312 SF
No. Rooms 18
No. Stories 2
Year Built 1951
Parking Ratio 3.42/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 18 $50.00 -

zoning

Zoning Code CG (Commercial. Can be rezoned to Mix Use)
  • Listing ID: 31535311

  • Date on Market: 4/17/2024

  • Last Updated:

  • Address: 3400 S US Highway 17/92, Casselberry, FL 32707