Used car dealer Off Lease Only has big plans for its property, including a detailing center, significantly expanded storage space, lots of extra parking—and a hotel or two.
The company, located by Orlando International Airport, at the northwest corner of Narcoossee and McCoy roads, has just about 30 acres at its disposal. The property has no city zoning designation; however, it is partially located within the Aircraft Noise Overlay District.
It is already using about 10 for its dealership and sees another 10 going toward additions like a 27,300-square-foot detailing center, 1,465 spaces for vehicle storage and 449 spaces for customer parking.
The final 10 acres is pegged for one or two hotels, with a total of 300 rooms. The hotels are proposed for the southern part of the property along McCoy Road.
Ryan Little, director of operations for Off Lease Only, said hotels were a natural choice since lodging companies have expressed interest in the land ever since the dealership opened in November 2014.
The company has a broker, Anaheim Properties of Palm Beach, to handle the sale or sales for hotel use. There is nothing pending, Little said.
As for Off Lease Only's own expansion, it became necessary given customer demand, Little said. "Ever since we opened in Orlando the response has been tremendous."
Orlando, in fact, led the company in overall sales last month, selling 992 cars. Off Lease Only also operates in Miami and Palm Beach.
The expansion, which includes some redesign, "is meant to make it a better, more comfortable experience for our customer," according to Little.
The growth will also allow the Orlando site to keep more cars in inventory, going from 1,000 to as many as 2,000.
The company has come a long way. It was started in Lake Worth over 20 years ago by Mark and Eileen Fischer with two cars and borrowed money.
Little declined to give an annual revenue figure but said all three dealerships are thriving.
Work on the Orlando dealership is hoped to start in the first quarter and be complete by the third.
Off Lease Only is using VHB of Orlando as its development firm.