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Value Add Opportunity - Ocala, FL MSA 5565 E Silver Springs Blvd 40 Room Hotel Silver Springs, FL 34488 $1,577,500 ($39,438/Room)
Investment Highlights
- Part of Catalyst Site #4 in the Silver Springs CRA Master Plan, allowing for up to 47 residential units or mixed-use development.
- Features approximately 121 feet of frontage on State Road 40, with a 2024 AADT of 15,200, in the fastest-growing metro in the U.S.
- Adjoining retail/restaurant parcel recently sold and is anticipated to undergo redevelopment, further supporting ongoing corridor reinvestment.
- Historic 40-room hospitality property located near a high-traffic, signalized intersection in the Ocala metro, across from Silver Springs State Park.
- Located in a metro with a 2023 GDP of nearly $16B and a projected population growth of up to 30% by 2040.
Executive Summary
Historic 40-room hospitality asset located directly across from Silver Springs State Park near the highly traveled intersection of SR 40 and SR/CR 35 in the Ocala, FL MSA. Ranked by the U.S. Census Bureau as the fastest-growing metro area in the United States in 2025, the Ocala MSA continues to experience substantial population, tourism, and economic growth, strengthening long-term demand fundamentals for hospitality and mixed-use development.
Situated on approximately 0.73 acres with roughly 121 feet of frontage along SR 40, the property consists of three buildings totaling approximately 16,102 square feet. Originally developed in 1963 as a Howard Johnson’s Motor Lodge adjacent to a former Howard Johnson’s Restaurant, the asset offers a rare combination of historic roadside hospitality character, strategic visibility, and redevelopment potential. The adjoining restaurant parcel has recently sold and is anticipated to undergo redevelopment, further supporting corridor reinvestment and appreciation.
Silver Springs State Park remains one of Florida’s most iconic natural attractions, attracting approximately 500,000 annual visitors according to Friends of Silver Springs State Park. The park features renowned glass-bottom boat tours, springs, kayaking, hiking trails, camping, and ecotourism amenities. The property’s proximity to the park positions the asset to benefit from continued tourism growth and regional visitation trends.
The property is located within Catalyst Site #4 of the Silver Springs CRA Master Plan, which identifies the area for strategic reinvestment and redevelopment. The plan contemplates the potential rerouting of SR 40 while encouraging neighborhood-scale mixed-use development, including retail and duplex or triplex residential development totaling up to 47 dwelling units, subject to approvals.
Marion County’s Special Use Permit (SUP) process may allow alternative uses beyond the existing hospitality configuration, creating flexibility for investors pursuing adaptive reuse, repositioning, or redevelopment strategies. Ownership has also commissioned conceptual renderings illustrating potential renovation scenarios under continued hospitality use.
The Ocala MSA ranked #36 out of 200 large U.S. metros in the 2025 Milken Institute Best-Performing Cities Index and recorded an estimated 2023 GDP of approximately $16 billion according to Milken Institute and U.S. Bureau of Economic Analysis data. The University of Florida Bureau of Economic and Business Research projects Marion County population growth of up to 30% by 2040.
The property is served by gas, electric, public water, and public sewer utilities and has benefited from roof improvements completed in 2013 and 2022, helping mitigate portions of near-term capital expenditure requirements. Opportunities of this scale and location directly adjacent to Silver Springs State Park are almost nonexistent, particularly within a CRA-designated redevelopment corridor in the fastest growing metropolitan area in the country. ***Showings by Appointment Only***
Situated on approximately 0.73 acres with roughly 121 feet of frontage along SR 40, the property consists of three buildings totaling approximately 16,102 square feet. Originally developed in 1963 as a Howard Johnson’s Motor Lodge adjacent to a former Howard Johnson’s Restaurant, the asset offers a rare combination of historic roadside hospitality character, strategic visibility, and redevelopment potential. The adjoining restaurant parcel has recently sold and is anticipated to undergo redevelopment, further supporting corridor reinvestment and appreciation.
Silver Springs State Park remains one of Florida’s most iconic natural attractions, attracting approximately 500,000 annual visitors according to Friends of Silver Springs State Park. The park features renowned glass-bottom boat tours, springs, kayaking, hiking trails, camping, and ecotourism amenities. The property’s proximity to the park positions the asset to benefit from continued tourism growth and regional visitation trends.
The property is located within Catalyst Site #4 of the Silver Springs CRA Master Plan, which identifies the area for strategic reinvestment and redevelopment. The plan contemplates the potential rerouting of SR 40 while encouraging neighborhood-scale mixed-use development, including retail and duplex or triplex residential development totaling up to 47 dwelling units, subject to approvals.
Marion County’s Special Use Permit (SUP) process may allow alternative uses beyond the existing hospitality configuration, creating flexibility for investors pursuing adaptive reuse, repositioning, or redevelopment strategies. Ownership has also commissioned conceptual renderings illustrating potential renovation scenarios under continued hospitality use.
The Ocala MSA ranked #36 out of 200 large U.S. metros in the 2025 Milken Institute Best-Performing Cities Index and recorded an estimated 2023 GDP of approximately $16 billion according to Milken Institute and U.S. Bureau of Economic Analysis data. The University of Florida Bureau of Economic and Business Research projects Marion County population growth of up to 30% by 2040.
The property is served by gas, electric, public water, and public sewer utilities and has benefited from roof improvements completed in 2013 and 2022, helping mitigate portions of near-term capital expenditure requirements. Opportunities of this scale and location directly adjacent to Silver Springs State Park are almost nonexistent, particularly within a CRA-designated redevelopment corridor in the fastest growing metropolitan area in the country. ***Showings by Appointment Only***
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Miscellaneous
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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 Under Contract
| Price | $1,577,500 | Lot Size | 0.73 AC |
| Price Per Room | $39,438 | Building Size | 23,930 SF |
| Sale Type | Investment | No. Rooms | 40 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1963/2013 |
| Property Subtype | Hotel | Parking Ratio | 1/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | B2 - Community Business District | ||
| Price | $1,577,500 |
| Price Per Room | $39,438 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 23,930 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2013 |
| Parking Ratio | 1/1,000 SF |
| Corridor | Exterior |
| Zoning | B2 - Community Business District |
Amenities
- Pool
- Public Access Wifi
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 40 | $70.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24093-001-00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $471,694 (2025) |
Property Taxes
Parcel Number
24093-001-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$471,694 (2025)
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Value Add Opportunity - Ocala, FL MSA | 5565 E Silver Springs Blvd
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