Hospitality•Extended Stay•For Sale

Stage Stop Motel and Restaurant

5131 East Silver Springs Blvd, Ocala, Florida 34488

Sale Price $2,600,000
Sale Type Investment
Zoning B-2
Year Built 1965
Year Renovated 2017
Stories 2
Vacancy 95%
Gross Bldg 30,940 SqFt
Land Area 5.57 Acres
Market North Central Florida
Sub-Market Ocala
Cash Cow for Sale. This 95% occupied cash flow machine includes 75 rooms (28,960sf,) a stand alone restaurant (1,980sf) called Darrell's Diner and 3.37 additional acres fully engineered, approved and shovel ready for a 75 room expansion. The Seller is willing to lease back the restaurant. The Stage Stop Motel and Resort is an extended stay property offering fully furnished rooms, all utilities, phone and TV for $250/wk or $700/month. The rental rates are inclusive of water, sewer, electricity, cable, pest control, and garbage removal. Housekeeping services are provided on a weekly basis and the towels are replaced daily. 80% of the rooms rented on a monthly basis and 20% rented on a weekly basis. The property was completely renovated in 2017 with new roof, HVAC units, vinyl tile floors, ceilings, bathrooms and furniture. The living/bedroom areas consists of either one or two full beds, nightstand with table lamp, dresser with mirror, microwave, refrigerator, television and a dinette table with two chairs. The rooms have wall units with individual thermostats for heat and air-condition. Each room has a full bathroom with laminate base cabinetry and counter tops, ceramic tile flooring and ceramic tile wainscoting. The Stage Stop is located next to a public bus stop and within walking distance to many national retailers including: Super Walmart, Outback Steakhouse, Lowes, Beall's, ALDI, Firehouse Subs, New Circle K, Steak 'n Shake, Dairy Queen, McDonald's, Aspen Dental, Pep Boys and Burger King. Located in Ocala's historic Silver Springs, Florida north of Orlando. Residents and businesses alike enjoy a high quality of life and a relatively low cost of living. Quality healthcare and one of Florida's lowest housing cost make Marion County a great place to live. The scenic landscape is graced by the pastoral beauty of more than 900 horse farms with plenty of green space for all to enjoy. Marion County is home to a diverse economy, blending horse farms and agricultural interests with a variety of business sectors.
  • 15% Cash on Cash Return
  • $390,593 NOI
  • 95% Occupancy
  • Complete Renovation in 2017
  • Approved 75 Room Expansion Plans
  • Next to Bus Stop
  • Walking Distance to Many National Retailers
1/8/2019 4:47:01 PM 3/4/2019 4:05:48 PM

LEAVE A MESSAGE

0/100
Human? type 708 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default