9200 Us-192, Clermont, FL 34714
This exceptional 4.62-acre commercial land parcel presents a remarkable redevelopment opportunity in Clermont, Florida's thriving Four Corners area. Located at 9200 US-192, this strategically positioned site boasts 290 feet of frontage on US-192, offering unparalleled visibility and accessibility. Previously home to the Westgate Inn, a 197-unit hotel, the property is currently vacant and zoned RAC-X, permitting a wide range of commercial uses, including the potential for multiple hotels or a mixed-use development. Apartment conversion is also feasible without requiring a zoning change. The site's level, rectangular shape simplifies development, and all utilities are readily available. Situated approximately six miles from Walt Disney World, this location benefits from the area's rapid growth, high hotel occupancy rates, and proximity to the bustling US 27 corridor (approximately one mile east). The seller is offering financing options, including a $500,000 cash down payment. This property offers significant potential cost savings if existing structures can be incorporated into the new development. The land is priced at $24.84 per square foot, presenting a compelling investment opportunity in a high-demand location. Detailed site plans and further information are available upon request. APN: 26-25-01-488040-009820.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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