Commercial Sale Property - Hotel/Motel in Ocala
Listing Price: $3,500,000
Description of Property
This meticulously managed 23-room motel is conveniently located in a very nice area right on US 301/27/441, south of the Ocala historic downtown square. It is also within a short drive to the modern commercial, shopping mall and restaurant area on US 200 in southwest of the city, the Ocala International Airport and the world renown World Equestrian Center (WEC). The property has a fenced swimming pool and a family BBQ area right in the middle of the court yard. There is also a manager's living quarters onsite. Parking space is abundant. Surrounding neighborhood is nice. There is also a convenient covered porch to the check-in office which sets it apart from other similar independent motels, especially during a Florida rainy day. The guest room interiors are well maintained and the business has been quite profitable under the diligent care of a reliable family ownership for many years. Apart from the many state parks and private lake parks with the many amazing natural wonders of artesian springs which have year-round constant 72-degree clear water discharging from underneath the earth, Ocala is also the “Horse Capital of the World.” Boasting more than 600 private horse farms, it is home to an abundance of horse-related attractions, events, and activities. It attracts many horse loving tourists from all around the world each year. Within an hour or two, residents in Ocala can also access both coastal beaches conveniently and yet have no worries of storm surges brought by annual hurricanes to the Florida coasts. Currently Ocala has been among the top destinations of new-comers relocating to Florida every year due to its idyllic lifestyle settings, family friendly environment, economic growth and affordable housing, hence many house hunters. Gainesville to the north within less than an hour, is where University of Florida is located with many mobile young adults. To the south within half an hour, it is the retired folks' paradise of The Villages with over 145,000 affluent retired residents ready to spend for travels. Further south in less than an hour, it will reach the theme parks entertainment metropolis of Orlando with more than 75 million annual tourist visits. There is a connected owner's or manager's living quarters on site. The apartment has a large living room, three bedrooms, two baths, one kitchen with a dining room.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Hotel/Motel
City: Ocala
County: Marion
Subdivision: Southwood
Sq. Ft. Gross: 10,683
Sq. Ft. Living Area: 10,683
Cost per (heated) sqare foot: $328
Year built: 1955
Annual Tax: $10,387
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Microwave
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring:
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Stucco, Wood Frame
Foundation: Slab
Roof: Tile
Exterior Features:
Parking Features: 19 to 30 Spaces, Ground Level
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features: City Lot
Lot Size (acres): 1.71
Lot Size (sq. ft.): 74,488 square feet
Road Frontage: City Street, County Road, Main Thoroughfare, State Road
Front Exposure: West
Adjoining Property: Hotel/Motel
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 3029002003
Zoning: B4
Tax Legal Desc.: SEC 29 TWP 15 RGE 22 PLAT BOOK F PAGE 002 SOUTHWOOD BLK B LOTS 2.3.4 & 5 EXC COM AT THE SW COR OF LOT 2 TH S 39-23-23 E ALONG THE NLY ROW LINE OF US HWY 441 39.75 FT TH N 52-00-25 E 217.43 FT TO THE NELY BDY LINE OF LOT 2 TH N 38-42-10 W ALONG SAID N LY BDY LINE OF LOT 2 45.21 FT TO TH NW COR OF LOT 2 TH S 52-00-25 W ALONG THE NWLY BDY LINE OF SAID LOT 2 217.74 FT TO THE SWLY COR OF LOT 2 TO POB& EXC A PT OF LOT 5 BEING DESC AS FOLLOWS: BEGIN AT THE SELY COR OF LOT 5 TH S 46-57-56 W 199.40 FT TH N 42-21-17 W 74.63 FT TH S 88-02-36 E 34.82 FT TH N 46-57-56 E 177.88 FT TH S 38-28-13 E 50.16 FT TO THE POB
Listing courtesy of INVESTORSALLY, LLC.. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.