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Description
Branded Flag Motel for Sale - Ocala, FL (I-75 Highway Location)Property Highlights: Rooms: 64 Parking: 90+ spaces Annual Revenue: $1.7 million PEEP: 0 Existing Loan: $4.3 million Appraisal Value: $6.5 million Asking Price: $6.2 millionDescription:A highly desirable branded flag motel located directly off the busy I-75 highway in Ocala, offering excellent visibility and strong year-round traffic. This property boasts $1.6 million in annual revenue, spacious parking, and 0 PEEP, making it a secure and stable investment.With a recent appraisal of $6.5 million approx, the property is attractively priced at $6.2 million, providing immediate equity for qualified buyers.This is a rare opportunity to acquire a well-performing hospitality asset in a prime location with significant upside potential.
Property Highlights
Property Type: Commercial -
Cooling: Central Air
Lot Size: 1.68 Acres
Taxes: $92,424
Year Built: 2003
General Information
County: Marion
Subdivision: WEST OCALA HEIGHTS
Listed By:
Saurabh Patel
IMPACT REALTY TAMPA BAY
813-321-1200
MLS ID: TB8466780
Property Features
Days on Site: 180
Directions: From National Parts Depot in Ocala, take SW 38th Ave north, turn left onto W Silver Springs Blvd (State Road 40), continue for about 1.5 to 2 miles, then turn right onto NW 40th Ave â?? the destination, 120 NW 40th Ave, will be on your left.
Exterior: Block, Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 1.68
Ownership: Corporation
Property Attached Y/N: No
Property Sub-Type: Hotel/Motel
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Water Access Y/N: No
Zoning: B4
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120 NW 40th Avenue, Ocala, FL 34482.
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