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5751 E Silver Springs Blvd
Silver Springs, FL 34488

Days Inn Silver Springs / Ocala East · Hospitality Property For Sale · 59,510 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.81 AC
Building Size 59,510 SF
No. Stories 2
Year Built/Renovated 1970/2020
Parking Ratio 2.44/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

About 5751 E Silver Springs Blvd , Silver Springs, FL 34488

The Days Inn is a 1970 constructed, two-story concrete block exterior corridor hotel located in Silver Springs, Florida. Currently the hotel has 93 rooms on-line; 8 of the off-line rooms are in need of minor repairs, and the remaining 2 are currently being used as storage. A new roof with a 15-year warranty was installed in 2014, and the additional capital improvements have been made over the past 5 years, such as new 39" flat screen televisions, the pool was resurfaced, approximately 70% of the PTAC units have been replaced, and the asphalt parking lot was reconstructed. Included in the sale is a free standing building that houses Denny's and Riley's Pub. The 7 year lease commenced on August 27, 2009 with 3-5 year options; the tenant has executed its first 5 year option. The tenant pays 3% of the adjusted gross sales, but no less than $35,000. A new roof with a 15 year warranty was installed in 2016. The subject property features an outdoor pool, fitness center, 24-hour business center, guest laundry facilities, a picnic area, a Denny' s restaurant, bar/lounge, and an 800 square feet event space / meeting room, which can be arranged to accommodate 40 conference guests. The subject property is located approximately 8 miles east of the major thoroughfare, Interstate 75, 11 miles east of the Ocala Regional Aiport, allowing for easy accessibility, and 6 miles east of the Ocala Amtrak Station. Across the street from the hotel is Silver Springs State Park, it is one of the last uninhabited spring runs in the state where visitors can camp, kayak, tube, have a meal at a restaurant overlooking the spring, go on glass bottom boat rides, and much more. Additional demand generators are as following: Canopy Zip Line and Canopy Tours (10.2 miles) , Island Grove Wine Company (20 miles), Historic downtown Ocala (6.8 miles), Appleton Museum of Art (1.7 miles), Cactus Jack's Horse Trail Rides (17 miles), Farm Tours of Ocala (12 miles), Ocala's Chocolate and Confections (5.8 miles), several World Class Golf Courses (18 miles), Youth Sports Venues, Ocala National Forest (2.4 miles), Salt Springs at Ocala National Forest (28 miles), Alexander Springs at Ocala National Forest (37 miles), Silver Glen Springs at Ocala National Forest (40 miles), and Black Tine Outfitters (20 miles).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23981-000-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,065,835

zoning

Zoning Code B2/R3
B2/R3
  • Listing ID: 6533527

  • Date on Market: 3/30/2017

  • Last Updated:

  • Address: 5751 E Silver Springs Blvd, Silver Springs, FL 34488

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