7710 NE Jacksonville Rd Ocala, FL 34479

Property Details for 7710 NE Jacksonville Rd

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.50 lot acres

Property size

8,009 SF

Zone code

B1

Property type

Commercial real estate

APN

14498-001-00

APU

1449800100

Description

This 26-key extended-stay motel in Ocala, Florida presents a compelling value-add investment opportunity. The property, situated on 2.59 acres at 7710 NE Jacksonville Rd, boasts 8,009 square feet and 50 parking spaces. Built in 1956, the two-story building sits on a B-1 zoned lot, offering flexibility for future development. Recent upgrades include a new roof (December 2022), a modernized septic system (including tank, lid, clean-out portals, drain field, leech line, and chlorinator). The motel has a strong operational history, exceeding two decades of profitability, generating a Net Operating Income (NOI) of $139,882 and a 7.99% cap rate. The asking price is $1,750,000, translating to $218.50 per square foot and $67,307.69 per key. On-site management quarters are included. The property's location in a high-traffic area (15,100 AADT) provides excellent visibility. Excess land presents potential for future expansion or land banking. The absence of a franchise agreement allows for independent ownership and operational flexibility. The outdated on-site pool is slated for removal, further enhancing the property's value. This is an ideal acquisition for an owner-operator or developer seeking a profitable, well-maintained asset with significant upside potential. The Marion County property (APN: 14498-001-00) offers a rare combination of established income and future development possibilities.