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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 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 for sale. Opportunity to own both parcels and reunite the complex for the first time in over 30 years.
- Historic 40-room hospitality property located at 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 property located near the highly traveled intersection of State Road 40 and State Road/County Road 35 in the Ocala, FL MSA, ranked by the U.S. Census Bureau as the fastest-growing metro in the United States (2024), and directly across from the nationally renowned Silver Springs State Park. The subject property is situated on 0.73 acres with 121 feet of frontage on State Road 40, a major east–west arterial that traverses the Ocala metropolitan area and provides regional connectivity. The property consists of three buildings totaling 16,102 leasable square feet and was originally developed in 1963 as a Howard Johnson’s Motor Lodge, adjacent to a former Howard Johnson’s Restaurant. The adjoining restaurant parcel is also currently available for purchase, presenting a rare opportunity to reunite the historic complex for the first time in over 30 years. The site presents significant value-add potential through renovation, conversion, or redevelopment. The property is located within Catalyst Site #4 of the Silver Springs CRA Master Plan, which identifies the area for reinvestment and redevelopment (City of Ocala CRA). The plan contemplates potential re-routing of State Road 40, which could enhance site frontage and access, and encourages neighborhood-scale mixed-use development, including retail and duplex or triplex residential development of up to 47 dwelling units, subject to applicable approvals. In addition to CRA support, Marion County’s Special Use Permit (SUP) process allows alternative uses to be explored beyond the existing hospitality configuration. The selling entity has also provided conceptual renderings illustrating potential renovation scenarios under continued hospitality use, further demonstrating the site’s redevelopment flexibility. The Ocala MSA ranks #36 out of 200 large U.S. metros in the 2024 Milken Institute Best-Performing Cities Index, supported by a 2023 GDP of approximately $16 billion (Milken Institute / Bureau of Economic Analysis). Further reinforcing long-term demand, the University of Florida’s Bureau of Economic and Business Research (BEBR) 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 replacements in 2013 and 2022, reducing near-term capital expenditure requirements. This offering represents a rare opportunity to acquire a historically significant hospitality asset with exceptional visibility, CRA-backed redevelopment support, and multiple paths to value creation in one of Florida’s most dynamic growth markets.***Showings are by appointment only. Do not go to the property. Contact the listing agent for showing details.***
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 | - |
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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