120 Nw 40th Avenue, Ocala, FL 34482
- $6,200,000
- 30,828
- SqFt
- List Price
- $6,200,000
- Status
- Active
- Days on Market
- 181
- MLS#
- TB8466780
- Property Style
- Hotel/Motel
- Year Built
- 2003
- Living Area
- 30,828
- Lot Size
- 73,181
- Acres
- 1.68
- Total Acreage
- 1 to less than 2
- Legal Subdivision Name
- West Ocala Heights
- MLS Area Major
- Ocala
Property 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 million Description: 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.
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Additional Information
- Taxes Annual
- $92424
- Community Features
- No Deed Restriction
- Zoning
- B4
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 2281-004-000
- Legal Description
- SEC 15 TWP 15 RGE 21 PLAT BOOK D PAGE 056 WEST OCALA HEIGHTS UNIT NO 1 A PT OF BLKS D. L BEING MORE PARTICULARLY DESC AS: COM AT THE SE COR OF BLK D TH N 20.75 FT TH W 25 FT TO THE POB TH CONT W 175 FT TH N 625.66 FT TH N 77-55-00 E 180.07 FT TH S 13 5.57 FT TH S 77-55-00 W 1.11 FT TH S 527.54 FT TO THE POB EXC THAT PT LYING NLY OF A LINE BEING MORE PARTICULARLY DESC AS: COM AT THE NE COR OF TRACT A OF FORTY WEST INDUSTRIAL PARK (W 92) TH N 80-56-53 E TO A PT ON THE ELY ROW LINE OF NW 38TH AVE S U BJ TO CR ESMT #3.0 W
Listing courtesy of IMPACT REALTY TAMPA BAY. 813-321-1200
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