47 West Jefferson Street | Orlando, FL 32801
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- LoopNet Team
47 West Jefferson Street
Orlando, FL 32801
Downtown Orlando Hotel Development Site · Hospitality Property For Sale
·
150,000 SF
INVESTMENT HIGHLIGHTS
- Top-Tier-Brand Hotel Development Opportunity - Marriott, Hilton, IHG, and Choice have all already expressed interest in the prospective development.
- Corporate demand generators include Chase Bank, Truist, PNC Bank, Seacoast Bank, Trustco Bank, Sunrise Bank, Regions Bank, & Ocean Bank, among others.
- Strong Competitive Submarket Performance - 9.6% YoY growth in occupancy, ADR increase of 2.5% YoY, driving a 12.4% YoY growth in RevPAR.
- The property is partially entitled to accommodate a high-density, high-rise boutique hotel, & has secured approvals for a 200-key high-rise structure.
- Leisure demand generators include Kia Center (Orlando Magic Arena), Inter & Co Stadium, Dr. Phillips Center for the Performing Arts, & Lake Eola Park.
- Orlando ranks as the 2nd fastest-growing large metropolitan area in the United States, and has the 6th fastest growing economy in the United States.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 150,000 SF |
| Property Subtype | Hotel | No. Stories | 10 |
| Building Class | B | Year Built | 2029 |
| Lot Size | 0.53 AC | Parking Ratio | 0.84/1,000 SF |
| Construction Status | Proposed | Corridor | Interior |
| Zoning | AC-3A/T | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.53 AC |
| Construction Status | Proposed |
| Building Size | 150,000 SF |
| No. Stories | 10 |
| Year Built | 2029 |
| Parking Ratio | 0.84/1,000 SF |
| Corridor | Interior |
| Zoning | AC-3A/T |
AMENITIES
- Pool
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 26-2229-7352-34-031 | Improvements Assessment | $478,423 |
| Land Assessment | $2,890,750 | Total Assessment | $3,369,173 |
PROPERTY TAXES
Parcel Number
26-2229-7352-34-031
Land Assessment
$2,890,750
Improvements Assessment
$478,423
Total Assessment
$3,369,173
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