47 West Jefferson Street - Hospitality FOR SALE


Orlando, FL 32801
$7,200,000 USD
843-324-5301
47 West Jefferson Street, Orlando, FL for Sale
$7,200,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

47 West Jefferson Street
Orlando, FL 32801


HIGHLIGHTS

  • Top-Tier-Brand Hotel Development Opportunity - Marriott, Hilton, IHG, and Choice have all already expressed interest in the prospective development.
  • The property is partially entitled to accommodate a high-density, high-rise boutique hotel, & has secured approvals for a 200-key high-rise structure.
  • Corporate demand generators include Chase Bank, Truist, PNC Bank, Seacoast Bank, Trustco Bank, Sunrise Bank, Regions Bank, & Ocean Bank, among others.
  • Leisure demand generators include Kia Center (Orlando Magic Arena), Inter & Co Stadium, Dr. Phillips Center for the Performing Arts, & Lake Eola Park.
  • Strong Competitive Submarket Performance - 9.6% YoY growth in occupancy, ADR increase of 2.5% YoY, driving a 12.4% YoY growth in RevPAR.
  • 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.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=149975 HVS Brokerage & Advisory is pleased to present the opportunity to acquire a strategically located 0.53-acre parcel of land in Orlando's Central Business District (CBD), specifically positioned for the development of a select- or full-service hotel property. The property, with its prime location and development potential, offers a unique investment opportunity within one of Orlando's most vibrant and rapidly evolving urban areas.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$38 USD /SF

# OF ROOMS

253

PRICE/ROOM

$28,458 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Orlando Hotel Development Site

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

11

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2029

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,159 SF

ZONING

AC-3A/T

APN/PARCEL ID

29-2226-7352-34-031

ASK ABOUT THIS PROPERTY

843-324-5301

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843-324-5301

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