|
Ocala Cove Motel | Turnkey Hospitality Investment Opportunity | Ocala, Florida
Exceptional opportunity to acquire Ocala Cove Motel, a 20-room hospitality asset strategically positioned along highly traveled South Pine Avenue (US Highway 441) in the heart of Ocala, Florida. This established motel offers immediate cash flow, strong in-place operations, and significant upside potential for investors and owner-operators alike.
Situated on approximately 0. 61 acres, the property consists of nearly 7, 800 square feet of improvements and features a well-maintained 20-room configuration designed to serve both short-term and extended-stay guests. The property has benefited from renovations and operational improvements, creating a turnkey opportunity with minimal transition requirements.
Conveniently located near Interstate 75, Ocala Regional Medical Center, shopping destinations, restaurants, and major employment centers, the motel enjoys consistent demand from travelers, medical visitors, contractors, and long-term guests. The location also provides excellent access to the World Equestrian Center, Silver Springs State Park, and other regional attractions that continue to drive tourism and economic growth throughout Marion County.
Investment Highlights
• 20 turnkey guest rooms
• Approximately 7, 798 SF building area
• Approximately 0. 61-acre site
• High-visibility South Pine Avenue frontage
• Strong in-place cash flow
• Manager's apartment
• Ample on-site parking
• Renovated and operational asset
• Business Commercial (B-4) zoning
• Excellent access to I-75, healthcare facilities, retail, and entertainment corridors
• Opportunity for revenue growth through management efficiencies and rate optimization
Whether expanding an existing hospitality portfolio or seeking a hands-on owner-operator opportunity, Ocala Cove Motel offers a rare chance to acquire a cash-flowing lodging asset in one of Central Florida’s fastest-growing markets.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.338% | 6.361% | 6.183% |
| Monthly Tax Payment | $917 | $917 | $917 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,475 | $6,650 | $9,114 |
| Total Monthly Payment | $7,517 | $7,692 | $10,156 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.