64-Room Branded
For Sale
$6,200,000
120 NW 40TH Avenue, Ocala, FL 34482
Commercial Sale, OCALA, FL
Property Size30,828 SF
Lot Size1.68 Acres
Price / SF$201.12
Days on Market212
Property Features for 120 NW 40TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B4
Subdivision
WEST OCALA HEIGHTS
Directions
From National Parts Depot in Ocala, take SW 38th Ave north, turn left onto W Silver Springs Blvd (State Road 40), continue for about 1.5 to 2 miles, then turn right onto NW 40th Ave - the destination, 120 NW 40th Ave, will be on your left.
Standard status
Active
APN
2281-004-000
Size
30,828 SF
Lot size
1.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
92424
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
Utilities
Cooling system
Central Air
Building Details
Year built
2003
Building materials
Block, Concrete, Stucco
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
Saurabh Patel · License #3629236
(728) 218-6492
Added: Jan 28
Changed: Aug 24
Last Checked: Aug 28 at 7:06PM
MLS# TB8466780
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 64-room motel occupies a 30,828-square-foot property on 1.68 acres. The building was constructed in 2003 and features block, concrete, and stucco materials with central air conditioning. On-site parking accommodates 90+ vehicles, supporting the property's hospitality use.
The property is located at 120 NW 40th Avenue in Ocala, Florida, near I-75. B4 zoning is identified for the site. Its configuration combines an established lodging operation with substantial parking and a highway-oriented location.
The property is located at 120 NW 40th Avenue in Ocala, Florida, near I-75. B4 zoning is identified for the site. Its configuration combines an established lodging operation with substantial parking and a highway-oriented location.
Key Highlights
- 64‑room branded motel
- 30,828 square feet on 1.68 acres
- 90+ parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Super 8 by Wyndham Ocala I-75 — 3924 W Silver Springs Blvd, Ocala, FL 34482
- Super 8 Motel Ocala I-75 — 3924 W Silver Springs Blvd, Ocala, FL 34482
- Studio 6 Ocala, FL — 3620 W Silver Springs Blvd, Ocala, FL 34475
- Studio 6 Ocala — 3620 W Silver Springs Blvd, Ocala, FL 34475
- OYO Hotel Ocala, FL I-75 — 3520 W Silver Springs Blvd, Ocala, FL 34475
Frequently Asked Questions
What type of property is this?
Motel - Established hospitality property with B4 zoning, central air, and durable block, concrete, and stucco construction.
Where is this motel located?
The property is located at 120 NW 40TH Avenue 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: 64‑room branded motel; 30,828 square feet on 1.68 acres; 90+ parking spaces
