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