120 Nw 40th Avenue Ocala, FL 34482
Other
MLS #: TB8466780
Courtesy Of Impact Realty Tampa Bay
Property InformationDescription
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 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.
Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Stucco
- Exterior Type: Block
- Exterior Type: Concrete
- 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
- MLSID: TB8466780
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