120 NW 40th Ave, photo 1
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Overview

0 ba30,828 sqftHotel/Motel
TypeHotel/Motel
HOANone listed
Built2003
Lot73,181 sqft
Living area30,828 sqft
Price / sqft$201

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About this home

120 NW 40th Ave is a 2003-built home in West Ocala Heights, Ocala. Listed at $6,200,000 (about $201/sqft), 256 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Branded Flag Motel for Sale – Ocala, FL (I-75 Highway Location) Property Highlights: • Rooms: 64 • Parking: 90+ spaces • Annual Revenue: $1.7 million • PEEP: 0 • Existing Loan: $4.3 million • Appraisal Value: $6.5 million • Asking Price: $6.2 million Description: A highly desirable branded flag motel located directly off the busy I-75 highway in Ocala, offering excellent visibility and strong year-round traffic. This property boasts $1.6 million in annual revenue, spacious parking, and 0 PEEP, making it a secure and stable investment. With a recent appraisal of $6.5 million approx, the property is attractively priced at $6.2 million, providing immediate equity for qualified buyers. This is a rare opportunity to acquire a well-performing hospitality asset in a prime location with significant upside potential.

The essentials

Built
2003
Price / sqft
$201
On market
256 days
Annual tax
$92,424
Flood zone
X · Low risk
Lot
73,181 sqft
Type
Hotel/Motel

At a glance

Single family
Built 2003
1.68 acres
Lot size
30,828 sqft
Living area

Payment

Est. monthly payment
$43,137/mo
Down payment (20%)
$1,240,000
Property taxes
$7,702/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Hotel/Motel
Year Built
2003
Lot
73,181 sqft
Cooling
Central Air
Heating
-
Parking
-
Days on Market
256
Flood Zone X
Annual Tax (2025)
$92,424
Parcel #
2281-004-000

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
West Ocala Heights
County
Marion
MLS Area
34482 - Ocala
Lot Size
73,181 sqft

Price history

Date
Event
Price
1/28/2026
Listed for sale
Source: Stellar MLS #TB8466780
$6,200,000
$201/sqft

Neighborhood

120 NW 40th Ave
Ocala, FL, 34482 · 34482 - Ocala

Market insights

Offer Insights

Choose an offer strength

List price: $6,200,000
$6.09M – $6.20M
98.3% – 100% of listTops out right at the list price
80% of listList price
146 of the last 290 home closings in 34482 landed at this number or higher (50%). The median one sat 58 days before it went under contract, and this one is on day 256.

Sample: 290 closed home sales in 34482 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$43,137/mo
Principal & interest$32,335
Property taxes$7,702
Insurance$3,100
Down payment20% · $1,240,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$6,200,000

$201 per sq ft

Size

30,828 sq ft

Time on market

256 days

Year built

2003

Monthly payment

About $43,137/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $92,424 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

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Brokered byIMPACT REALTY TAMPA BAYListing agent: Saurabh PatelListing data from Stellar MLS, MLS# TB8466780.

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