For Sale
$1,800,000

514 Magnolia AveOcala, FL 34471

Prime Location, High-Growth Potential

Overview

Added:
Feb 3
Days on market:
59
This exceptional 5,691 square foot mixed-use commercial building is ideally situated in the heart of downtown Ocala, Florida, on a 0.28-acre lot at 514 S Magnolia Avenue. Its strategic location places it steps from the bustling downtown square, directly across from a planned upscale multi-family development, and just a block from the popular Downtown Market. The courthouse, numerous restaurants, and the main post office are also within close proximity. This high-visibility location offers unparalleled exposure to the entire Marion County area, making it perfect for businesses seeking maximum customer reach. The building currently features 1,800 square feet with a separate access door, ideal for generating rental income or owner-occupancy. This presents a unique opportunity for both business owners and investors seeking a property with strong growth potential and easy leasing prospects. The seller's motivation to expand creates a compelling investment opportunity in a thriving downtown area, close to U.S. Highway 441 and a diverse, active customer base. This property is poised to benefit from the ongoing development and revitalization of Ocala's vibrant downtown community. The asking price is $1,800,000.

Property Details for 514 Magnolia Ave

Property type
Mixed-use properties
Square Feet
5,691 SF
Year Built
1930
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.18221
Longitude
-82.13728
514 Magnolia Ave, Ocala, Florida

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514 Magnolia Ave
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