9200 US-192, Clermont, FL 34714 For Sale

Near rectangular parcel presently developed with a closed 197 room hotel built in 1974. This site has 290 feet of frontage on heavily traveled US Highway 192, with average daily traffic counts of approximately 45,000 VPD. All utilities are available and in sufficient capacity to support large scale commercial development. The hotel is in poor condition with shell value only. The property can be converted to apartments without a rezone. Alternatively, the buildings can be demolished and redeveloped with new hotel, retail. or mixed use.

The property is located on the south side of US 192, also known as West Irlo Bronson Memorial Highway in Clermont Florida. The site is approximately 1 mile east of U S 27. This location is in the heart of Florida tourism. The site is approximately 6 miles west of Disney World. This neighborhood has been rapidly growing with commercial and residential growth. the population has grown over 11% annually within a 2 mile radius over the past 12 years.

Near rectangular parcel presently developed with a closed 197 room hotel built in 1974. The hotel has been closed for several years. It was planned to be renovated as a Howard Johnson Wyndham hotel brand, but was never funded. No work has been done to the property since 2015. The buildings can be renovated, or converted to multi family apartments without a rezone. Alternatvely, the property could be redeveloped with one or two new limited service hotels, or mixed use. This site has 290 feet of frontage on heavily traveled US Highway 192, with average daily traffic counts of approximately 45,000 VPD. All utilities are available and in sufficient capacity to support large scale commercial development.

The property is located on the south side of US 192, also known as West Irlo Bronson Memorial Highway, with a Clermont Florida address. The property is actually located in unincorporated Polk County, in an area commonly referred to as Four Corners (There are four counties that intersect in this area, including Orange, Polk, Lake and Osceola). The site is approximately 1 mile east of U S 27. This location is in the heart of Florida tourism. The site is approximately 6 miles west of Walt Disney World., or an approximate 10-15 minute drive. Disney is the number one tourist destination in the world, with annual attendance of approximately 58 million. This neighborhood has been rapidly growing with commercial and residential growth. The population has grown over 11% annually within a 2 mile radius over the past 12 years.

The site is located near the intersection of four counties, including Orange, Osceola, Lake, and Polk. The property is located in unincorporated Polk County, and is zoned RAC-X, Regional Activity Center in unincorporated Polk County. The site is within the Ronald Reagan Parkway Plan District. Permitted uses include hotels and motels, restaurants, offices, retail uses, and hospitals. The FAR is 0.40, and the height limitation is 75 feet.

The Orlando regional hotel market continues to perform well. The current twelve month average occupancy is 71.6% with $194.81 ADR and $139.54 RevPar. The Orlando market is the second largest in the nation behind Las Vegas. Proposed expansion of theme parks at both Disney World and Universal Studio will generate future demand.