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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 versatile three-parcel site featuring 3.68 acres of land, a flourishing 26- room motel, and a single residential house - 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. With excess land available and nearby recently approved developments, investors have the opportunity to explore various development options or leverage it for future land banking strategies. 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 versatile three-parcel site featuring 3.68 acres of land, a flourishing 26- room motel, and a single residential house - 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. With excess land available and nearby recently approved developments, investors have the opportunity to explore various development options or leverage it for future land banking strategies. 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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