See Home Value
Lockhart 32810 Lockhart
6401 North Orange Blossom Trail
$2,319,409*
Commercial - Off Market
bedrooms
Studio
bathrooms
0 Bath
square feet
7379 Sqft
$1,755,000 - $2,145,000
Reference Base Price*
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

This is a small, family run 20 room motel was $128/per room per day for 2018. The income is currently running approximately 4.8% higher for the first half of 2019. The property was remodeled in 2017 which brought the income up from $94/per day in 2017. This is a highly profitable, turn key business, which includes a current tobacco license as well as a beer/wine license (can be transferred to new owners). Also included is a new, remodeled laundry room, and an owner's suite. The owner's suite (approximately 2,285 sf) consists of two kitchens, large family room, 3 bedrooms and 2 full bathrooms. The property has complete laundry service on site. The motel generated close to $32,000 in additional income in 2018 from providing beer, wine, tobacco and misc. items. The motel has been run as a short stay hotel (typically 2 hour rentals) for 40 years. The current owners have spent the last 2 years remodeling and upgrading the property. There is current no know deferred maintenance on the property. The business is easy to learn. It typically takes a couple of hours to train new management. The current owner has completed manual detailing all aspects of running the business. Current operational hours are 9 am to 12 pm. There are no over night guests. The management of the property runs a super clean, efficient and profitable business.

The manager has listed the unit size as 7379 square feet.
Unit Size
7,379Ft²
Days on Market
-
Land Size
1.34 acres
Price per sqft
$264
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1949

Price History

Date / Event Date Event Price
May 1, 2021 No longer available -
No longer available
Dec 9, 2020 Relisted $1,950,000
Relisted
Aug 13, 2020 Listed $2,185,000
Listed
May 5, 2020 No longer available -
No longer available
Oct 4, 2019 Relisted -
Relisted
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Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200813
08/13/2020
Loft
-
7379 ft²
$2,185,000
bedrooms
Loft
bathrooms
-
square feet
7379 ft²
-
-
-
Warren Gagne
NextHome Neighborhood Realty

Building Info

6401 North Orange Blossom Trail 6401 North Orange Blossom Trail, Orlando, FL 32810
More about this Building
6401 North Orange Blossom Trail
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About Lockhart


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