For Sale
$1,800,000

514 Magnolia AveOcala, FL 34471

Prime Location, High-Growth Area, 5,691 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use storefront property, known as "The Monkey Cage," presents a unique investment opportunity in the heart of Ocala, Florida. Located at 514 S Magnolia Ave, 34471, this 5,691 square foot building sits on a 0.28-acre lot and boasts a prime location steps from the vibrant downtown square. Its strategic placement offers unparalleled visibility and accessibility, directly across from a planned upscale multi-family development and just a block from the bustling Downtown Market. The property's proximity to the courthouse, numerous restaurants, and the main post office further enhances its appeal. Built in 1930, the single building offers ample space for a variety of commercial uses, including office and retail. The asking price is $1,800,000, translating to $316.29 per square foot. Fifteen parking spaces are available on-site, a significant advantage in a high-traffic downtown area. This property is ideal for a business seeking to establish or expand its presence in a rapidly growing community, benefiting from the increased foot traffic and economic activity in downtown Ocala. The "For Sale By Owner" condition offers a direct and streamlined transaction process. Don't miss this chance to own a piece of Ocala's thriving downtown scene.

Highlights

  • Exceptional mixed-use storefront property in downtown Ocala, FL.
  • 5,691 square foot building on a 0.28-acre lot at 514 S Magnolia Ave, 34471.
  • Prime location across from a planned multi-family development and near the Downtown Market.
  • $1,800,000 asking price ($316.29/SF).
  • 15 on-site parking spaces.
  • For Sale By Owner.

Property Details for 514 Magnolia Ave

Property type
Retail properties, Office properties
Square Feet
5,691 SF
Year Built
1930
Buildings
1
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.182195908722
Longitude
-82.136991848582
514 Magnolia Ave, Ocala, Florida

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514 Magnolia Ave
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