Branded Motel Near
For Sale
$6,200,000
120 NW 40TH Ave, Ocala, FL 34482
64-room motel off I-75 in Ocala with high revenue.
Days on Market99
Property Features for 120 NW 40TH Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
Impact Realty Tampa Bay
(728) 218-6492
Listed By:
Saurabh Patel · License #3629236
(728) 218-6492
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Impact Realty Tampa Bay
Investment Insights
Based on property information with market context.
This branded motel is located directly off I-75 in Ocala, Florida. The property features 64 rooms and over 90 parking spaces. The motel generates approximately $1.7 million in annual revenue and has a PEEP of 0. An existing loan of $4.3 million is associated with the property. A recent appraisal valued the property at approximately $6.5 million. The location offers high visibility and consistent traffic throughout the year, presenting a stable investment opportunity with potential for growth. The property is bikeable with a score of 56, but car-dependent with a score of 26, and has no nearby transit with a score of 0.
Key Highlights
- High Annual Revenue: $1.7 million indicates strong business performance.
- Prime I‑75 Highway Location: Offers excellent visibility and high traffic volume.
- Appraisal Value Exceeds Asking Price: Recent appraisal of $6.5 million versus asking price of $6.2 million provides immediate equity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34482, FL
23,565
Population
9,553
Households
2.5
Avg Household Size
48
Median Age
22%
College-Educated
85%
High-School Grad
93.0 sq mi
ZIP Area
253
Density / Sq Mi
$71,449
Median Household Income
$37,492
Median Earnings
$861
Median Rent
$247,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - 64-room motel off I-75 in Ocala with high revenue.
Where is this motel located?
The property is located at 120 NW 40TH Ave Ocala, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: High Annual Revenue: $1.7 million indicates strong business performance.; Prime I‑75 Highway Location: Offers excellent visibility and high traffic volume.; Appraisal Value Exceeds Asking Price: Recent appraisal of $6.5 million versus asking price of $6.2 million provides immediate equity.
