120 NW 40TH AVENUE at

120 NW 40TH AVENUE

For sale Days on market 191

$6,200,000

$201/sq ft

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Overview

Year Built

2003

Sqft

30828

Property Type

Hotel/Motel

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.

Property Details

MLS#

TB8466780

Address

120 40TH NW

City

Ocala

State/county

Zip/Postal Code

34482

Area

West Ocala Heights

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$92,424

Maint Fee

$--

Tax Year

2025

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