2900 S Pine Ave - Hospitality FOR SALE


Ocala, FL 34471- Southeast Ocala
$3,300,000 USD
813-391-1545
2900 S Pine Ave, Ocala, FL for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/19
null | 8.3% Cap Rate

2900 S Pine Ave
Ocala, FL 34471
Southeast Ocala


HIGHLIGHTS

  • $273,918 NOI At 72% Occupancy

OVERVIEW

This offering is a 50-Rm motel that is currently operating with 40 rooms and is still producing a high annual revenue and NOI. The new owner may consider completing the 10 remaining rooms, which is estimated to be between $50,000-$100,000 to complete. The new owner may also consider adding Kitchenettes to each room, offering Extended Stay suites for patrons. This offering include: • .2.47-acres • 50-Unit Motel - 30,379 SF (40-rooms currently in operation) • Built/Renovated: 1957 • New Roof • Current Occupancy: 100% (40-rooms) • Current Gross Revenue: $537,962 (2024) • Current NOI: $263,918 (2024)

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

50

PRICE/ROOM

$66,000 {currency}

CAP RATE

8.3%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

16

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,354 SF

ZONING

B4

APN/PARCEL ID

30302-000-00

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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