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2476 Citrus Blvd
Leesburg, FL 34748

$5,300,000 USD

Hotel For Sale  •  29,756 SF

Property Details

  • Property Type Hotel
  • Total Building Size 29,756 SF
  • Lot Size 1.24 AC
  • Building Class B
  • Year Built 2001
  • Cap Rate 7.59 %
  • Tenancy Single
  • Zoning C-3
0 Transit Score
58 Walk Score

Highlights

Growing Revenue & Upside - The Hotel’s revenue rose to $1,450,000 in 2024 from $1,200,000 in 2023, more than a 20% YOY increase.
Value-Add Potential – There remains substantial upside potential, as the property currently ranks 4 out of 5 in RevPAR within its Competitive Set.
Amenities – Hotel includes an Outdoor Pool, Restaurant, Meeting Event Space, Business and Fitness Center for guests to enjoy during their stay.
Strong Demand Drivers – Leesburg is known for its demand drivers, including a steady influx of interstate travel, a thriving retirement community.
Strong Brand Recognition – Sleep Inn is a recognizable and established brand within Choice Hotels International, Inc.
Tourist Destination – Located just outside the Orlando Hospitality Market, which is home to destination hotspots including Walt Disney World.

Property Flyers

Cap Rate: 7.59 %

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 68
Type: Surface
Included in Rent: Yes
David Loving 813-358-3599 Matthews Real Estate Investment Services
David Loving 813-358-3599 Matthews Real Estate Investment Services