For Sale
$1,464,000

3231 Pine Ave Ocala, FL 34471

16-Key Motel, Recently Renovated

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 16-key motel presents a lucrative investment opportunity in Ocala, Florida. Boasting a recent renovation encompassing a new roof, electrical wiring, air conditioning units, and fresh paint, this property is move-in ready. The 29,621 square foot lot houses two single-story buildings, totaling 29,621 square feet, with a master studio featuring two bedrooms, a full kitchen, and one bathroom, along with an office. The motel's strategic location on 3231 S Pine Ave, Ocala, FL 34471, places it in a high-traffic area near numerous shops, stores, and Interstate 75, ensuring consistent guest traffic. The property benefits from B4 zoning and was built in 1958, with renovations completed six months prior to listing. Ocala's thriving tourism industry, fueled by nearby theme parks, beaches, and the renowned Ocala National Forest, provides a strong foundation for consistent occupancy. The city's reputation as the "Horse Capital of the World" further enhances its appeal. Owner financing is available, making this an even more attractive proposition for discerning investors. This turnkey operation offers immediate income potential and significant upside for future growth. The asking price is $1,464,000, translating to $49.42 per square foot.

Property Details for 3231 Pine Ave

Property type
Hospitality properties, Motels
Square Feet
29,621 SF
Year Built/Renovated
1958/6
Buildings
2
Stories
1

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1564105
Longitude
-82.1279406
3231 Pine Ave, Ocala, Florida

FAQs

What type of property is this?
Hospitality property - 16-Key Motel, Recently Renovated
Where is the hospitality property located?
The property is located at 3231 Pine Ave Ocala, FL.
What is the asking price?
The asking price for this property is $1,464,000.
How can I contact the broker?
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3231 Pine Ave
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