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    5020 Irlo Bronson Memorial Hwy Kissimmee, FL 34746

    Sponsored
    For Sale
    $7,000,000

    106 Units, 5 Acres, High Potential

    Property size:
    46,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5-acre property in Kissimmee, Florida, presents a unique investment opportunity. Currently housing a 106-unit, two-story motel (46,468 heated square feet) built in 1981 with 30% occupancy, this Class B property offers significant upside potential. The existing motel structure provides immediate income generation, while the expansive lot size and OCT zoning (Commercial Tourist – 40/80 du/acre) allow for substantial redevelopment. Preliminary plans suggest the possibility of converting the existing motel into a 106-unit apartment complex or developing a new 400-unit multifamily/mixed-use project. The property boasts 330 feet of frontage on West Irlo Bronson Memorial Highway, a prime location near major attractions including Wyndham Vacation Resorts, Star Island Resort & Club, and numerous golf courses, healthcare facilities, and upscale retail and dining options. Permitted uses under the current zoning include multi-family, mixed-use, hospitality, commercial, medical, and healthcare developments. The asking price is $7,000,000, representing a price per unit of $66,037.74 for the existing motel. This fee-simple ownership opportunity is ideal for investors seeking a high-return project with diverse development possibilities. The property's APN is 11 25 28 0000 0155 0000.

    Property Features for 5020 Irlo Bronson Memorial Hwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    46,468 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1981
    Buildings
    3
    Stories
    2
    Units
    106

    HighLights

    • 106‑unit motel on 5 acres.
    • Proposed conversion to a 106‑unit apartment complex.
    • Alternative development plan for a 400‑unit multifamily/mixed‑use project.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Sun Inn Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.4834234
    Latitude
    28.3319456

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    FAQs

    What type of property is this?
    Multifamily property - 106 Units, 5 Acres, High Potential
    Where is this multifamily property located?
    The property is located at 5020 Irlo Bronson Memorial Hwy Kissimmee, FL.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: 106-unit motel on 5 acres.; Proposed conversion to a 106-unit apartment complex.; Alternative development plan for a 400-unit multifamily/mixed-use project.
    Request Owner's contact information
    5020 Irlo Bronson Memorial Hwy Kissimmee, FL 34746
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5020 Irlo Bronson Memorial Hwy Kissimmee, FL 34746
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