Hotel in Lakeland

Hospitality for Sale
Catylist Listing ID: 30365642
Property Subtypes: Hotel
Building Status: Proposed
Number of Units: 70 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $28,571.43 Per Unit
Property Use Type: Investment
Building Name: Best Western Plus
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2019

Overview / Comments

Great location close to Polk Parkway and I-4. Minutes from the Lakeland airport. Between Orlando and Tampa, which is heavily traveled. Permitted for a 70 room hotel. Current price is for the vacant land, permits, impact fees, and hotel license. Completion date projected to be 6/2020.

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 23 28 21 000000 032020
Zoning: COMMERCIAL
Retail Clientele: General, Business, Traveler
Property Located Between: Orlando and Tampa
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.
Construction/Siding: Block

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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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