120 NW 40TH AVENUE
OCALAMap
| Price | $6,200,000.00 |
| Listing ID | TB8466780 |
| Status | For Sale |
| Address Map |
120 NW 40TH AVENUE |
| Area | OCALA |
| Beds | |
| Baths | |
| Square Ft | 30,828 |
| Lot Size | 73,181 |
| Year Built | 2003 |
| Taxes | $92,424 |
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.