The Stage Stop Extended Stay Motel and Resort is a 95% occupied cash flow machine. It includes 75 rooms (28,960sf), a stand alone restaurant (1,980sf) called Darrell’s Diner, and 3.37 additional acres fully engineered and approved for a 42 room expansion. Also offering fully furnished rooms, all utilities, phone and TV for $250/wk or $700/month. 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. This extended stay motel has 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-conditioning. 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.
About the Area
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 costs 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.
For more information, please contact Bartow McDonald.
To see vacant land in the area, click here.