Take advantage of this prime redevelopment opportunity centered at the growth of Marion County! The subject property is a two-story, double-row, exterior-corridor motel. The motel is comprised of (115) rooms with a manager’s apartment, (94) regular rooms in (20 rooms currently unavailable), (5) double-room 2-bath suites, (1) jacuzzi suite, and (15) rooms that are not leasable at this time. The location is situated on 2.66 acres with zoning of B2 (community business) and at the northeast corner of Interstate 75 and Blitchton Road (27). Within a couple of miles from this investment property is the distribution HUB for Amazon, FedEx, Chewy and AutoZone Distribution Centers. Shands Teaching Hospital & Clinics from UF Health will begin construction on a 261,000 SF Neighborhood Hospital Complex on the 28 acres surrounding the subject property to meet the needs of residents in the Marion County area. This asset is also located 6.7 miles from the newly developed World Equestrian Center, 5.5 miles from greater Ocala Highway 200 retail corridor, and only 4 miles from downtown Ocala. Housing data provides strong opportunity for the redevelopment of Multi Family Workforce Housing and ALF. Traffic highlights include a steady report of 78,000 from I-75 and 21,000 from Blitchton Road! Expanding communities such as On Top of the World and The Villages are within 30 miles from this 64,000+ SF deal. Contact us today to jump on this offer!

General Information

Bedrooms:
Total Square Feet: 115870 Sq. Ft.
Price: $5500000
Property Type: Commercial Sale
Bathrooms: 0
Lot Size: 2.66 Acres
Year Built: 1974
Style: