9200 US-192, Clermont, FL 34714

This near-rectangular parcel is currently developed with a closed 197-room hotel, constructed in 1974. The property features 290 feet of frontage on US Highway 192, which experiences approximately 45,000 vehicles per day. All utilities are available and have sufficient capacity to support large-scale commercial development. The existing hotel is in poor condition, possessing shell value only. Located on the south side of West Irlo Bronson Memorial Highway (US 192) in Clermont, Florida, the site is approximately one mile east of U.S. 27 and about 6 miles west of Walt Disney World. The property is situated in unincorporated Polk County, within an area known as Four Corners, near the intersection of Orange, Polk, Lake, and Osceola counties. The area has experienced rapid commercial and residential growth, with the population increasing over 11% annually within a 2-mile radius over the past 12 years. Zoned RAC-X, Regional Activity Center in unincorporated Polk County, the site is within the Ronald Reagan Parkway Plan District. Permitted uses include hotels, motels, restaurants, offices, retail, and hospitals. The FAR is 0.40, and the height limitation is 75 feet. The property can be converted to apartments without rezoning. Alternatively, the buildings can be demolished and redeveloped with a new hotel, retail space, or a mixed-use development. The hotel was previously planned for renovation as a Howard Johnson Wyndham hotel, but funding was not secured. The Orlando regional hotel market demonstrates strong performance, with a twelve-month average occupancy of 71.6%, an ADR of $194.81, and a RevPar of $139.54. Proposed theme park expansions at Disney World and Universal Studios are expected to generate future demand.