| Status | ACTIVE |
| PRIME LOCATION! On International Drive ~ Near All |
$8,550,000 |
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| Attractive commercial land in a neighborhood characterized as an active tourist area that is quickly growing in popularity with increasing land values. The area should continue to have growing demand for resort/hotel and retail development due to increasing scarcity of such land with good access and proximity to Orlando’s major tourist attractions. • Prime market area for tourism travel • 3.057 Acres • Adjacent to major highway • Surrounded by network of highways • Property has its concurrency approvals • Land approved for development as a 352 unit hotel or condo hotel. |
| Interior Features | Property Details • Parcel is located on SR 535 and S. International Drive, near corner of SR 536 (also known as World Drive) • 3.057 acres. • Approved for development as a 352 unit Hotel or condo Hotel. • Property has its concurrency approvals. • Prime location with the Holiday Inn Nickelodeon Hotel and the Marriott World Hotel both within a 1/4 mile. Surrounding Area • All of Disney’s parks are within 7 miles and had over 50 million visitors in 2007. • Orange County Convention Center (7.8mi) |
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| Exterior Features | Thoroughfares The land is easily accessible to the Walt Disney World theme park to the west via State Road 535 and State Road 536/World Center Drive. In addition, several other major roadways service traffic in the area. • State Road 535 • International Drive • Interstate 4 • State Road 417 – “The Greenway” Proximity to Attractions The property is in close proximity to the area’s major attractions. In addition to its close proximity to large retail shopping outlets and multiple golf courses, the property is extremely accessible to multiple area theme parks and attractions. |
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| Additional Features and Amenities | Visitor Summary • Total visitation to Orlando is expected to rise 1 percent from 48.7 million in 2007 to 49.2 million visitors in 2008, according to the Orlando/Orange County Convention & Visitors bureau. • Combined domestic and international arrivals are expected to increase 1 percent from an estimated 48.7 million visitors in 2007 to 49.2 million in 2008 and grow 3.2 percent in 2009 to 50.8 million visitors. • Orlando’s occupancy rate ranked 12th in Smith Travel Research’s list of the Top 25 markets, 7.4% higher than the national average of 63.2%. • Lake Buena Vista posted the highest occupancy of any region in 2007 at 75.1%. • Lake Buena Vista also recorded the highest Average Daily Rate in 2007 at $124.81. • The average length of stay among overnight domestic leisure visitors was 4.2 nights. Non-Florida residents stayed longer in Orlando (5.7 nights) than their Florida counterparts (2.3 nights). • Convention/group meeting visitors generated $3.4 billion in eco impa |
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