Headshot for Associate Carolyn Watson
  1. Carolyn Watson, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 941.815.8430
  4. carolyntuckerwatson@gmail.com
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  • MLS#: TB8466780 ( Commercial Sale )
  • Street Address: 120 40th Avenue
  • Viewed: 2
  • Price: $6,200,000
  • Price sqft: $201
  • Waterfront: No
  • Year Built: 2003
  • Bldg sqft: 30828
  • Days On Market: 2
  • Additional Information
  • Geolocation: 29.1871 / -82.1895
  • County: MARION
  • City: OCALA
  • Zipcode: 34482
  • Subdivision: West Ocala Heights
  • Provided by: IMPACT REALTY TAMPA BAY
  • Contact: Saurabh Patel
  • 813-321-1200
  • mfrmls
  • DMCA Notice
  • 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.
Property Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. 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
Living Area
  1. 30828.00
Area Major
  1. 34482 - Ocala
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 2281-004-000
Property Type
  1. Commercial Sale
Road Frontage Type
  1. Main Throrughfare
  2. State Road
  3. Turn Lanes
Tax Year
  1. 2025
Township
  1. 15
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8466780
Year Built
  1. 2003
Zoning Code
  1. B4