120 40th Avenue, OCALA, FL 34482
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Priced at Only: $6,200,000
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Address: 120 40th Avenue, OCALA, FL 34482
Property Location and Similar Properties
- MLS#: TB8466780 ( Commercial Sale )
- Street Address: 120 40th Avenue
- Viewed: 3
- 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
- DMCA Notice
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DescriptionBranded 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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Building and Construction
- Covered Spaces: 0.00
- Living Area: 30828.00
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Road Frontage Type: Main Throrughfare, State Road, Turn Lanes
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2025
Other Features
- Country: US
- 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
- Area Major: 34482 - Ocala
- Parcel Number: 2281-004-000
- Zoning Code: B4
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- Mobile: 561.201.4476
- dennisdialsells@gmail.com