Active

$3,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 10683 sq ft
Overview
  • ID: MFRO6184629
  • Bedrooms:
  • Bathrooms: 0
  • Size: 10683 sq ft
Property Details
Remarks
This meticulously managed 23-room motel is conveniently located in a very nice area right on US 301/27/441, south of the Ocala historic downtown square. It is also within a short drive to the modern commercial, shopping mall and restaurant area on US 200 in southwest of the city, the Ocala International Airport and the world renown World Equestrian Center (WEC). The property has a fenced swimming pool and a family BBQ area right in the middle of the court yard. There is also a manager's living quarters onsite. Parking space is abundant. Surrounding neighborhood is nice. There is also a convenient covered porch to the check-in office which sets it apart from other similar independent motels, especially during a Florida rainy day. The guest room interiors are well maintained and the business has been quite profitable under the diligent care of a reliable family ownership for many years. Apart from the many state parks and private lake parks with the many amazing natural wonders of artesian springs which have year-round constant 72-degree clear water discharging from underneath the earth, Ocala is also the “Horse Capital of the World.” Boasting more than 600 private horse farms, it is home to an abundance of horse-related attractions, events, and activities. It attracts many horse loving tourists from all around the world each year. Within an hour or two, residents in Ocala can also access both coastal beaches conveniently and yet have no worries of storm surges brought by annual hurricanes to the Florida coasts. Currently Ocala has been among the top destinations of new-comers relocating to Florida every year due to its idyllic lifestyle settings, family friendly environment, economic growth and affordable housing, hence many house hunters. Gainesville to the north within less than an hour, is where University of Florida is located with many mobile young adults. To the south within half an hour, it is the retired folks' paradise of The Villages with over 145,000 affluent retired residents ready to spend for travels. Further south in less than an hour, it will reach the theme parks entertainment metropolis of Orlando with more than 75 million annual tourist visits. There is a connected owner's or manager's living quarters on site. The apartment has a large living room, three bedrooms, two baths, one kitchen with a dining room.
Financial Considerations
Price:
$3,500,000
HOA Fee:
N/A
Tax Amount:
$10386.52
Price per SqFt:
$327.62
Tax Legal Description:
SEC 29 TWP 15 RGE 22 PLAT BOOK F PAGE 002 SOUTHWOOD BLK B LOTS 2.3.4 & 5 EXC COM AT THE SW COR OF LOT 2 TH S 39-23-23 E ALONG THE NLY ROW LINE OF US HWY 441 39.75 FT TH N 52-00-25 E 217.43 FT TO THE NELY BDY LINE OF LOT 2 TH N 38-42-10 W ALONG SAID N LY BDY LINE OF LOT 2 45.21 FT TO TH NW COR OF LOT 2 TH S 52-00-25 W ALONG THE NWLY BDY LINE OF SAID LOT 2 217.74 FT TO THE SWLY COR OF LOT 2 TO POB& EXC A PT OF LOT 5 BEING DESC AS FOLLOWS: BEGIN AT THE SELY COR OF LOT 5 TH S 46-57-56 W 199.40 FT TH N 42-21-17 W 74.63 FT TH S 88-02-36 E 34.82 FT TH N 46-57-56 E 177.88 FT TH S 38-28-13 E 50.16 FT TO THE POB
Exterior Features
Lot Size:
74488
Lot Features:
City Limits
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30, Ground Level
Roof:
Tile
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
Microwave
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1955
Construction Type:
Stucco, Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    3041 S PINE AVE
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