215 S Pine Ave - Hospitality FOR SALE


Ocala, FL 34471- Downtown Ocala
$1,175,000 USD
352-634-0809
215 S Pine Ave, Ocala, FL for Sale
$1,175,000 USD
Hospitality - FOR SALE
1/48
null | 9.19% Cap Rate

215 S Pine Ave
Ocala, FL 34471
Downtown Ocala


HIGHLIGHTS

  • Commercial Corridor
  • Up to 40,000 cars passing by per day
  • Walkable to downtown

OVERVIEW

Offered at $1,175,000 with an estimated ±9.2% owner-operated cap rate and cash-on-cash ROI of up to 18.1%. Owner financing may be available to qualified buyers with 50% down, subject to final terms and seller approval. The Shamrock Inn features 12 guest rooms, an on-site manager’s apartment, front and back offices, and vintage Florida character near Downtown Ocala Square. Available individually or as part of a 31-room Ocala motel portfolio. All rooms have been updated & have smart key access. Reported FBC / Commercial FBC zoning may support continued hospitality operations, mixed-use concepts, or future redevelopment, subject to City approval and independent verification. Three years of historical financials are available in the data room. Current-year financials are available directly through the listing agents.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$231 USD /SF

# OF ROOMS

12

PRICE/ROOM

$97,917 {currency}

CAP RATE

9.19%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shamrock Cove Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

FBC

APN/PARCEL ID

2853-013-003

ASK ABOUT THIS PROPERTY

Nathan SimmonsInvictus Real Estate, LLCMore Info
352-634-0809

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Nathan SimmonsInvictus Real Estate, LLCMore Info
352-634-0809

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.