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120 NW 40th Avenue

Ocala, FL

Listing Details

  • $6,200,000
  • MLS# TB8466780
  • Type Commercial -
  • Status Active
  • 30,828
    Square Feet
  • 1.680 acres
    Lot Size
  • 2003
    Year Built

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... Read more equity for qualified buyers.This is a rare opportunity to acquire a well-performing hospitality asset in a prime location with significant upside potential.

Key Features

No amenity information available.

View All Features
120 NW 40th Avenue
Ocala, FL 34482
Subdivision
WEST OCALA HEIGHTS
County
Marion

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial -
  • Cooling: Central Air
  • Days on Site: 161
  • 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
  • Lot Size: 1.68 Acres
  • Ownership: Corporation
  • Property Attached Y/N: No
  • Property Sub-Type: Hotel/Motel
  • Showing Instructions: Appointment Only, Call Listing Agent
  • Special Sale Provisions: None
  • Taxes: $92,424
  • Water Access Y/N: No
  • Year Built: 2003
  • Zoning: B4