OCALA, FL 34482 120 NW 40TH AVENUE
$6,200,000
2 more
Presented By: IMPACT REALTY TAMPA BAY with 813-321-1200. - 813-321-1200
SQFT • 30,828
Home Details
Branded Flag Motel for Sale – Ocala, FL (I-75 Highway Location)
Property Highlights:
• Rooms: 64
• Parking: 90+ spaces
• Annual Revenue: $1.7 million
• PEEP: 0
• Existing Loan: $4.3 million
• Appraisal Value: $6.5 million
• Asking Price: $6.2 million
Description:
A highly desirable branded flag motel located directly off the busy I-75 highway in Ocala, offering excellent visibility and strong year-round traffic. This property boasts $1.6 million in annual revenue, spacious parking, and 0 PEEP, making it a secure and stable investment.
With a recent appraisal of $6.5 million approx, the property is attractively priced at $6.2 million, providing immediate equity for qualified buyers.
This is a rare opportunity to acquire a well-performing hospitality asset in a prime location with significant upside potential.
Presented By: IMPACT REALTY TAMPA BAY with 813-321-1200. - 813-321-1200
Interior Features for 120 NW 40TH AVENUE
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
General for 120 NW 40TH AVENUE
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityOCALA
Construction MaterialsBlock, Concrete, Stucco
CoolingCentral Air
CountyMarion
DirectionsFrom 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.
Flood Zone CodeX
Flood Zone Code XY
Legal DescriptionSEC 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
Living Area UnitsSquare Feet
Lot Size Square Feet73181
Lot Size UnitsAcres
MLS Area34482 - Ocala
New ConstructionNo
OwnershipCorporation
Property SubtypeHotel/Motel
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Subdivision NameWEST OCALA HEIGHTS
Tax Annual Amount92424
Tax Lot12
Tax Year2025
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built2003
ZoningB4
Exterior for 120 NW 40TH AVENUE
Building Area Total30828
Foundation DetailsSlab
Lot Size Acres1.68
Lot Size Area1.68
Number of Buildings1
Road Frontage TypeMain Throrughfare, State Road, Turn Lanes
Road Surface TypeAsphalt, Paved
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Audrey Cabral
Realtor®
