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33459063
33459096

2 Locations

NS
FL SL3605978
$2,575,000
0 days on market
Updated 0 days ago
Opportunity zone

South Pine Hospitality Portfolio

Details
Property Type Hospitality, Business for Sale
Sub Type Motel, Business and Building
Square Footage 12,888
Units 34
Year Built 1958
Year Renovated 2022,2025
Buildings 2
Stories 2
Acreage 0.900
Zoning B-4 (Ocala Cove) & FBC (Shamrock Inn)
Parking Spaces spaces
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

Hospitality Portfolio Downtown Ocala

Marketing description

The Shamrock Inn and Ocala Cove Motel are being offered together as a two-property motel portfolio with existing operations and multiple paths for a new owner to create value.

The properties have benefited from select improvements and ongoing ownership attention, providing a foundation for continued motel operations. At the same time, there remains clear opportunity for a buyer to further enhance the assets through additional capital improvements, refreshed branding, improved management, and more active revenue strategy.

A new owner could continue operating the properties as affordable lodging, reposition them over time, explore extended-stay or workforce housing strategies, or evaluate the sites for future redevelopment. This flexibility is a key part of the offering, giving buyers the ability to approach the portfolio from both an operating-business and real-estate perspective.

The real estate may also support a longer-term redevelopment strategy, subject to zoning, site planning, market demand, and municipal approvals. Buyers should independently verify zoning, permitted uses, density, and redevelopment potential with the appropriate local authorities.

Offered as a portfolio, The Shamrock Inn and Ocala Cove Motel provide scale, existing income, and optionality. Whether pursued as an operating motel investment, a value-add repositioning opportunity, or a potential redevelopment play, the portfolio offers a practical path to value creation without relying on a single business plan.

Investment highlights

Two-Property Motel Portfolio

The Shamrock Inn and Ocala Cove Motel are offered together as a hospitality portfolio, with the flexibility for buyers to acquire both assets or pursue an individual property purchase.

Available as a Portfolio or Separately

The properties may be purchased together or individually, creating optionality for motel operators, private investors, and developers with different acquisition strategies.

Existing Operations with Flexible Upside

The properties have an operating foundation in place, allowing a new owner to continue current motel operations while evaluating additional value-add or redevelopment strategies.

Select Improvements Completed

Ownership has completed select improvements across the properties, creating a starting point for continued investment, operational enhancements, and potential repositioning.

Multiple Paths to Value Creation

A buyer may pursue several strategies, including continued affordable lodging, extended-stay or workforce housing, improved management and marketing, repositioning, or future redevelopment.

Redevelopment Optionality

The underlying real estate may present a meaningful redevelopment opportunity, subject to zoning, site planning, market demand, and municipal approvals. Buyers should independently verify zoning, permitted uses, density, and redevelopment feasibility.

Operational Upside

Potential exists to improve performance through hands-on ownership, refreshed branding, enhanced online presence, revenue management, guest experience improvements, and expense controls.

Portfolio Efficiency

For buyers acquiring both assets, portfolio ownership may create opportunities for shared management, staffing efficiencies, coordinated marketing, vendor consolidation, and improved operating controls.

Real Estate-Driven Investment Opportunity

This offering provides buyers with current motel operations, value-add potential, and longer-term real estate flexibility, making it suitable for motel operators, private investors, and developers.

Financials Available Upon Request

Buyers may underwrite the portfolio based on current operations, repositioning potential, or redevelopment strategy.

Listing Contacts

NS
FL SL3605978

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Additional Information

Name
Nathan Simmons
License
SL3605978
Brokerage
Invictus Real Estate LLC
Brokerage Phone
3526194466
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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