The 85-year-old Ocala, Florida landmark on the National Registry of Historic Places, Ritz Historic Inn, will go up for auction on January 21 through the auction firm Tranzon Diggers.

A local lender holds the mortgage but chose not to take possession of the property. The auction will take place at the Ritz and a potential buyer must provide ten percent down with the total due a month.

The new owner will get a 36-room hotel that was built in 1925 as Ocala’s first true apartment complex. Each of the 16 original apartments of Ritz had five rooms and a private garage. The whole property was renovated in the 1980s and to date has 32 guest suites, a pool, spa and fountains. It is on 2.5 acres and includes a bar and entertainment facility as well as a pavilion and a gazebo. According to the listing, he property is in need of some repair. Bidders can check out the property at two viewing appointments, January 7 and 14 at 11 in the morning.