30,828 SqFt
30,828 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 30,828 sqft
Price per Sqft $201
Subdivision West Ocala Heights
MLS Listing ID TB8466780
HOA Y/N No
Year Built 2003
Annual Tax Amount $92,424
Lot Size 1.680 Acres
Acres 1.68
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
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.
Location
State FL
County Marion
Community West Ocala Heights
Area 34482 - Ocala
Zoning B4
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block,Concrete,Stucco
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8466780
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