20329 Us Hwy 27 Clermont, FL 34715-8797
- Bars
- 7,270 SF
- 4.41 lot acres
Current Use by Public Records
- Solar Energy Solution Pros / Solar Energy Company
Property Details for 20329 Us Hwy 27
- Year built
- 1973
- Construction
- BRICK
- Lot size
- 4.41 lot acres
- Property size
- 7,270 SF
- Property type
- Bars
- APN
- 22-21-25-0003-000-01102
- APU
- 222125000300001102
Description
This exceptional investment opportunity presents the Rodeway Inn, a 100-key hotel situated on a 4.35-acre lot in Clermont, Florida. Located at 20329 US Hwy 27, this property enjoys high visibility with frontage on a major highway and proximity to the popular Lakeridge Winery. The hotel, built in 1973, comprises four two-story buildings totaling 74,000 square feet and includes a swimming pool. Currently operational, the property offers significant redevelopment potential. The Town Center (T-C) zoning allows for a variety of uses, including multifamily residential and residential care facilities. The asking price is $5,850,000, translating to approximately $58,500 per key and $31 per square foot of land. The property's location, zoning, and existing infrastructure make it an attractive proposition for investors seeking a high-return redevelopment project in a thriving Florida market. The Lake County property features a parcel number of 22-21-25-0003-000-01102 and presents a compelling opportunity to capitalize on the area's growth. This fully operational hotel offers immediate cash flow while providing a platform for future development. The substantial lot size and strategic location ensure long-term value and potential for significant returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clermont
- County
- Lake
- State
- Florida
- Longitude
- -81.7998
- Latitude
- 28.6401
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
