For SaleHotel/MotelActive
120 NW 40th Avenue
Ocala, FL 34482
$6,200,000
288 Days On Site
- 30,828Sq Ft
- $201Per Sq Ft
- 1.68Acres
- 2003Built
- Subdivision
- West Ocala Heights
- County
- Marion
- MLS®
- TB8466780
Overview
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.
Listing Snapshot
- Price
- $6,200,000
- Days On Site
- 288 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 30,828 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 1.68 Acres
- Year Built
- 2003
- MLS® Number
- TB8466780
- Status
- Active
- Property Tax
- $92,424 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
5 items
- Acres
- 1.68
- Foundation
- Slab
- Property Sub Type
- Hotel/Motel
- SqFt Total
- 30,828
- Zoning
- B4
Interior Features
1 item
- Cooling
- Central Air
Exterior Features
2 items
- Construction Details
- Block, Concrete, Stucco
- Road Frontage
- State Road
Community Features
3 items
- MLS Area
- 34482 - Ocala
- Township
- 15
- Roads
- Asphalt, Paved
Location
120 NW 40th Avenue, Ocala, FL 34482 · 34482 - Ocala
Neighborhood & Commute
ZIP Code 34482
- Median household income
- $64,864
- Income per person
- $36,956
- Households
- 9,632
- Average household size
- 2.29
- Median age
- 47.4
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Price changed to $6,200,000
- Status changed to Active
- Listing first seen on site