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Ocala Cove Motel 2210 S Pine Ave 19 Room Hotel Ocala, FL 34471 $1,350,000 ($71,053/Room)
Executive Summary
The properties can continue operating as traditional motels, but buyers may also want to explore extended-stay lodging, workforce housing, or other hospitality-related uses depending on their business plan and market strategy.
For buyers purchasing both assets, there may be opportunities to create efficiencies through shared management, staffing, purchasing, and marketing. Existing operations provide a foundation while allowing new ownership to implement their own vision and operating strategy.
In addition to the current motel use, the underlying real estate may present future redevelopment potential. Buyers should conduct their own due diligence regarding zoning, permitted uses, density, redevelopment possibilities, and any required municipal approvals.
Whether the goal is to continue motel operations, execute a value-add strategy, hold for long-term appreciation, or pursue future redevelopment, this offering provides flexibility and multiple avenues for creating value.
Financial information and additional property details are available upon request.
For buyers purchasing both assets, there may be opportunities to create efficiencies through shared management, staffing, purchasing, and marketing. Existing operations provide a foundation while allowing new ownership to implement their own vision and operating strategy.
In addition to the current motel use, the underlying real estate may present future redevelopment potential. Buyers should conduct their own due diligence regarding zoning, permitted uses, density, redevelopment possibilities, and any required municipal approvals.
Whether the goal is to continue motel operations, execute a value-add strategy, hold for long-term appreciation, or pursue future redevelopment, this offering provides flexibility and multiple avenues for creating value.
Financial information and additional property details are available upon request.
Property Facts
| Price | $1,350,000 | Building Size | 7,798 SF |
| Price Per Room | $71,053 | No. Rooms | 19 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2013 |
| Property Subtype | Hotel | Parking Ratio | 1/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.61 AC | Opportunity Zone |
Yes
|
| Zoning | B4 - Business Commerical | ||
| Price | $1,350,000 |
| Price Per Room | $71,053 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 7,798 SF |
| No. Rooms | 19 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2013 |
| Parking Ratio | 1/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B4 - Business Commerical |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 19 | $72.00 | - |
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 30924-000-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $452,976 |
Property Taxes
Parcel Number
30924-000-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$452,976
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Ocala Cove Motel | 2210 S Pine Ave