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    120 40th Avenue
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    PRICED AT ONLY: $6,200,000

    Address: 120 40th Avenue, OCALA, FL 34482

    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.
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    • MLS#: TB8466780 ( Commercial Sale )
    • Street Address: 120 40th Avenue
    • Viewed: 55
    • Price: $6,200,000
    • Price sqft: $201
    • Waterfront: No
    • Year Built: 2003
    • Bldg sqft: 30828
    • Days On Market: 99
    • Acreage: 1.68 acres
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    Features
    Building and Construction
    • Covered Spaces: 0.00
    • Living Area: 30828.00
    Garage and Parking
    • Garage Spaces: 0.00
    • Open Parking Spaces: 0.00
    Utilities
    • Carport Spaces: 0.00
    • Cooling: Central Air
    • Road Frontage Type: Main Throrughfare, State Road, Turn Lanes
    Finance and Tax Information
    • Home Owners Association Fee: 0.00
    • Insurance Expense: 0.00
    • Net Operating Income: 0.00
    • Other Expense: 0.00
    • Tax Year: 2025
    Other Features
    • Country: US
    • Legal Description: SEC 15 TWP 15 RGE 21 PLAT BOOK D PAGE 056 WEST OCALA HEIGHTS UNIT NO 1 A PT OF BLKS D. L BEING MORE PARTICULARLY DESC AS: COM AT THE SE COR OF BLK D TH N 20.75 FT TH W 25 FT TO THE POB TH CONT W 175 FT TH N 625.66 FT TH N 77-55-00 E 180.07 FT TH S 13 5.57 FT TH S 77-55-00 W 1.11 FT TH S 527.54 FT TO THE POB EXC THAT PT LYING NLY OF A LINE BEING MORE PARTICULARLY DESC AS: COM AT THE NE COR OF TRACT A OF FORTY WEST INDUSTRIAL PARK (W 92) TH N 80-56-53 E TO A PT ON THE ELY ROW LINE OF NW 38TH AVE S U BJ TO CR ESMT #3.0 W
    • Area Major: 34482 - Ocala
    • Parcel Number: 2281-004-000
    • Views: 55
    • Zoning Code: B4
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