303-514-7076
9200 US Highway 192, Clermont, FL for Sale
Hospitality - FOR SALE
1/7
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9200 US Highway 192
Clermont, FL 34714


HIGHLIGHTS

  • Excellent location 6 miles west of Walt Disney World
  • Opportunity to convert to workforce apartment housing without a rezone
  • Redevelopment potential in a dynamic neighborhood for one or more hotels, or mixed use
  • Potential for seller financing

OVERVIEW

Contact broker for pricing! This property is back on the market. This is a former 197 unit hotel that was originally the Westgate Inn. It was planned for conversion in to a Howard Johnson by Wyndham, but funding never occurred, and the hotel has been vacant for a lengthy period of time. Highest and best use is for work force housing conversion, or demolition and redevelopment as potentially 2 new hotels, or mixed use. Most commercial uses are allowed. The property was recently under contract for conversion of the hotel in to work force housing plus partial demolition an construction of a 7-story hotel on the highway frontage. Thie site is in the “Four Corners area”, as the boundary lines of 4 counties come together in this general location. The site is located approximately 6 miles from Walt Disney World, or an approximate drive time of 10 to 15 minutes. This regional location is growing rapidly, with strong occupancy rates for hotels. The property is located approximately one mile east of the high growth US 27 corridor. The site is level and approximately rectangular. There is 290 feet of frontage on US 192.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

198

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westgate Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

151

LAND DETAILS

LAND ACRES

4.64 AC

LAND SF

202,118 SF

ZONING

RAC-X

APN/PARCEL ID

26-25-01-488040-009820

ASK ABOUT THIS PROPERTY

Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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