"It would be a steal," Arvida Realty Services Inc.'s Dean Fritchen says. The property is 25 miles west of Downtown Orlando. The hospital's board has received four offers on the building, all of them at least 50% less than the appraised value of $1.7 million or $28.33 per sf.
The highest offer today is $775,000 or $12.91 per sf from Horne Properties Inc., owner of the South Lake Press, a weekly publication in south Lake County. The building would be the newspaper's new headquarters.
Sam McDowell, a former Cleveland Indians pitcher and currently a principal with Diamond Players Club, is offering $650,000 or $10.83 per sf. McDowell wants to convert the facility to a rest home for retired professional athletes.
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