230 State Rd 436 Altamonte Springs, FL 32714-4223

This exceptional 263-key hotel, the Opal Hotel & Suites, presents a compelling investment opportunity in Altamonte Springs, Florida. Situated on a 5.6-acre lot (APN: 14-21-29-529-0000-0020), this four-story property boasts 126,205 square feet and underwent a complete renovation in 2021. Originally built in 1971, the hotel benefits from its strategic location near Interstate-4 and State Road 436, offering excellent visibility and accessibility with an average annual daily traffic count of approximately 56,500 vehicles on the adjacent section of State Road 436. The MOC-2 zoning permits diverse redevelopment options, including potential conversion to multifamily housing to capitalize on the area's high demand for rental units. The property's proximity to Downtown Orlando (approximately 10 miles) provides access to a robust economy, diverse employment opportunities, and a thriving tourism sector. Furthermore, its location near affluent areas like Winter Park, Maitland, and Winter Springs enhances its appeal. Over $3.5 million in capital improvements were completed between 2019 and 2021. This independent hotel offers significant value-add potential through operational efficiencies, repositioning strategies, and the addition of new amenities. The property's size and location within the Orlando MSA, a top-performing metropolitan statistical area and major tourism hub, make it an attractive investment for those seeking a sizable position in a high-growth market.