70 Room Hotel Near Lakeland International Airport
Hospitality
for Sale
| Catylist Listing ID: |
30365642 |
| Property Subtypes: |
Hotel
|
| Building Status: |
Under Construction |
| Number of Units: |
70 Units |
| Building Size (RSF): |
47,804 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.76 Acres
|
| Sale Price: |
$11,250,000 |
| Unit Price: |
$160,714.29 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Best Western Plus |
| Name of Establishment: |
Best Western Plus |
| Franchised Business: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/25/2021 |
Overview / Comments
|
The Best Western Plus in Lakeland, FL has broken ground. The start date was 2/24/2020 and it is expected to be turn-key on 7/1/2021 due to the COVID delay of the FFME. This will be a 70 room 4 story hotel with a large lobby, conference room, Bistro, 2 offices, fitness center and rooftop balcony relaxation area. The property is 2.76 acres with frontage on New Tampa HWY which is minutes from the Lakeland International Airport, I-4 and large industrial centers and retail distribution centers such as Amazon, Home Depot , and Publix . Property is priced as "at completion" and is expected to change after hotel is operational. Please see brochure for details.
|
Additional Details
| Nearest MSA: |
Lakeland-Winter Haven |
| County: |
Polk |
| Taxing Authority: |
Polk County |
| Tax ID/APN: |
23 28 21 000000 032020 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Business, Traveler |
| Property Located Between: |
Orlando and Tampa |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
New Tampa HWY (92) |
| Feet of Frontage: |
243 |
| Traffic/Vehicle Count: |
18,900 |
| Highway Access: |
New Tampa HWY (92) |
| Airports: |
Lakeland |
| Site Description: |
2.76 acres west of the Shell station. Minutes from the airport, I-4 and the Polk Parkway. |
| Area Description: |
Close to Airport, large distribution centers and retail. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
4 |
| Property Condition: |
Excellent |
| Year Built: |
2020 |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
990 |
31,839 |
107,309 |
| Median Age: |
64.86 |
41.27 |
39.13 |
| Households: |
579 |
12,993 |
42,582 |
|
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