719 Silver Springs Blvd Ocala, FL 34470
- Commercial real estate
- 9,850 SF
- 0.86 lot acres
Current Use by Public Records
- Flamingo Motel / Motel
Property Details for 719 Silver Springs Blvd
- Year built
- 1952
- Lot size
- 0.86 lot acres
- Property size
- 9,850 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents the Flamingo Motel, a historic property situated on a 0.86-acre lot at 719 E Silver Springs Boulevard in Ocala, Florida. Boasting a prime location within walking distance of Ocala's vibrant downtown square, this property offers unparalleled access to parks, shopping, diverse restaurants, entertainment venues, and a thriving nightlife. The motel itself comprises 23 guest rooms, providing substantial rental income potential. In addition to the guest rooms, the property includes a dedicated office space, a convenient laundry facility, and a comfortable owner's apartment, enhancing both operational efficiency and the owner's convenience. The property is zoned B2, offering flexibility for future development or expansion. With its rich history and strategic location in the heart of Ocala, this motel represents a rare chance to acquire a well-established business with significant upside potential. The 9,850 square foot building is priced at $1,650,000, presenting a compelling return on investment for discerning buyers seeking a foothold in the flourishing Ocala market. This is a turnkey operation ready for a new owner to step in and capitalize on its established reputation and prime location. The property's size and zoning provide ample opportunity for future growth and adaptation to evolving market demands. Don't miss this chance to own a piece of Ocala's history and secure a thriving commercial enterprise.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1308
- Latitude
- 29.1876
