514 Magnolia AveOcala, FL 34471

Property Details for 514 Magnolia Ave

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

5,497 SF

Zone code

FBC

Property type

Other commercial real estate

APN

2852-017-003

APU

2852017003

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,262,813

  Hospitality

  $1,156,730

  Educational

  $962,386

  Medical

  $995,484

  Retail

  $1,497,045

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1822

Longitude

-82.1373

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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