2210 Pine AveOcala, FL 34471

Property Details for 2210 Pine Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

6,330 SF

Zone code

B4

Property type

Other commercial real estate

APN

30924-000-00

APU

3092400000

Description

This exceptional 20-unit motel in Ocala, Florida, presents a lucrative investment opportunity. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $157,502 (annualized 2024), this property offers immediate cash flow. The 7,798 square foot building, situated on a 0.61-acre lot at 2210 S Pine Ave, Ocala, FL 34471, is a Class B property with a B4/Regional Business zoning designation. Built in 1958 and renovated in 2013 (including a newer roof), the motel features 19 rental units and a two-bedroom apartment, ideal for owner occupancy or additional rental income. Each unit includes a kitchenette with a refrigerator, sink, and microwave. The property generates a current gross revenue of $299,546 (annualized 2024). A billboard on the property adds to the revenue stream, generating $1,351 per month. Seller financing is available to qualified buyers, with terms to be determined, potentially including a 50% down payment and a 5-10 year balloon payment with 5-6% interest. The property's strong performance, combined with the seller financing option, makes this a compelling investment. The Marion County property (APN: 30924-000-00) is a two-story building, offering a significant return on investment.

• Alternative Use

  Use

  Valuation

  Residential

  $1,454,320

  Hospitality

  $1,332,149

  Educational

  $1,108,332

  Medical

  $1,146,450

  Retail

  $1,724,072

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1665

Longitude

-82.1373

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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