About 120 Nw 40th Avenue
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.
Features of 120 Nw 40th Avenue
| MLS® # | TB8466780 |
|---|---|
| Price | $6,200,000 |
| Square Footage | 30,828 |
| Acres | 1.68 |
| Year Built | 2003 |
| Type | Commercial Sale |
| Sub-Type | Hotel/Motel |
| Status | Active |
Listing Details
| Office | IMPACT REALTY TAMPA BAY |
|---|
Listing Map
Neighborhood Information for 120 Nw 40th Avenue
Growing Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
College Park Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
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Meadowbrook Academy Private - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
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Preparatory Kingdom Academy Private - to |
2 Miles | |
|
|
Phoenix Rising Youthbuild Public - 10Th Grade to Adult - Other |
2 Miles | |
|
Dr N High Jones Elementary School Public - Kindergarten to 5Th Grade |
2 Miles | |
|
|
Shiloh Sda Church School Private - Preschool to 8Th Grade |
2 Miles | |
|
|
Madison Street Academy Of Visual And Performing Arts Public - Kindergarten to 5Th Grade |
2 Miles |
School data provided by GreatSchools