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Hotel-Motel

Ocala Motel - Covered Land Play

7710 NE Jacksonville Rd, Ocala, FL 34479

Listing Price: $1,950,000

Cap Rate
7.10%
Number of Rooms
25
RevPAR
$1
Gross SF
6,856
Price/Room
$78,000
Price/Gross SF
$284.42
Year Built
1956

Investment Overview

Perfect for an entry-level owner operator or developer, this rare investment opportunity includes a flourishing 26- room motel with excess land and management quarters on site - all of which have operated profitably for over two decades. Positioned in a high-traffic area with flexible commercial zoning, the property offers excellent visibility and growth potential, supported by recent upgrades like a new roof and modernized septic systems. The proactive approach to property maintenance, including plans to remove the out-dated on-site pool, reflects a commitment to maximizing asset value.

Investment Highlights

  • Profitable Economy Motel with Excess Land: Existing long-term profitable site (20+ years) with excess land creating potential covered land play or land bank opportunities.
  • Independently Owned: Property is currently unencumbered of a brand, allowing for future ownership to take advantage of numerous opportunities.
  • High Visibility: 15,100 AADT with Flexible Neighborhood Business (B-1) Zoning for all three parcels
  • Well Maintained Property: Site includes a new roof (Dec 2022), new septic tank systems, etc. Current owner intends on removing on-site pool.
  • Excellent Opportunity for Entry Level Owner Operator: Sale includes residential house adjacent to site, allowing owner or management to privately live on-site.

Exclusively Listed By

Financing By

Hotel-Motel

Ocala Motel - Covered Land Play

Listing Price: $1,950,000

Cap Rate
7.10%
Number of Rooms
25
RevPAR
$1
Gross SF
6,856
Price/Room
$78,000
Price/Gross SF
$284.42
Year Built
1956

Investment Highlights

  • Profitable Economy Motel with Excess Land: Existing long-term profitable site (20+ years) with excess land creating potential covered land play or land bank opportunities.
  • Independently Owned: Property is currently unencumbered of a brand, allowing for future ownership to take advantage of numerous opportunities.
  • High Visibility: 15,100 AADT with Flexible Neighborhood Business (B-1) Zoning for all three parcels
  • Well Maintained Property: Site includes a new roof (Dec 2022), new septic tank systems, etc. Current owner intends on removing on-site pool.
  • Excellent Opportunity for Entry Level Owner Operator: Sale includes residential house adjacent to site, allowing owner or management to privately live on-site.

Investment Overview

Perfect for an entry-level owner operator or developer, this rare investment opportunity includes a flourishing 26- room motel with excess land and management quarters on site - all of which have operated profitably for over two decades. Positioned in a high-traffic area with flexible commercial zoning, the property offers excellent visibility and growth potential, supported by recent upgrades like a new roof and modernized septic systems. The proactive approach to property maintenance, including plans to remove the out-dated on-site pool, reflects a commitment to maximizing asset value.

Exclusively Listed By

Financing By

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