Log In/Sign Up
Your email has been sent.
Royal Inn 2900 S Pine Ave 50 Room Hotel Ocala, FL 34471 For Sale
INVESTMENT HIGHLIGHTS
- $273,918 NOI At 72% Occupancy
EXECUTIVE SUMMARY
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)
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)
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 50 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1953 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Lot Size | 2.74 AC | Corridor | Exterior |
| Building Size | 19,092 SF | ||
| Zoning | B4 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.74 AC |
| Building Size | 19,092 SF |
| No. Rooms | 50 |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.84/1,000 SF |
| Corridor | Exterior |
| Zoning | B4 |
AMENITIES
- Business Center
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 50 | $44.00 | - |
PROPERTY TAXES
| Parcel Number | 30302-000-00 | Improvements Assessment | $846,854 |
| Land Assessment | $161,524 | Total Assessment | $1,008,378 |
PROPERTY TAXES
Parcel Number
30302-000-00
Land Assessment
$161,524
Improvements Assessment
$846,854
Total Assessment
$1,008,378
-
Research In Progress - Research In Progress
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Research In Progress
Royal Inn | 2900 S Pine Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.