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Industrial Flex Space with Laydown Yard
For Lease
$375,000

1118 N MAGNOLIA Avenue, Ocala, FL 34475

Commercial Lease, OCALA, FL

Space SizeContact for details
Property Size45,345 SF
Lot Size5.51 Acres
Days on Market82

Property Features for 1118 N MAGNOLIA Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning M1
Subdivision ALLREDS ADD
Directions From Downtow Ocala head N On NE 1st Ave Merge on to N Magnolia Ave. Property on the left.
Standard status Active
APN 2572-016-003
Size 45,345 SF
Lot size 5.51 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SEC 07 TWP 15 RGE 22 PLAT BOOK A PAGE 074 ALLREDS ADD OCALA BLK K LOTS 2 & ALL OF FL CENTRAL LAND CO SUB OF LOT 1 & BLK P LOTS 3.4 LYING SLY OF THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK & THAT PORTION OF GRANT ST LYING BETWEEN THE N BNDY OF LOTS 1.2 BLK K & THE S BNDY OF LOTS 3.4 BLK P & SLY OF THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK & EXC RD ROW FOR N MAGNOLIA AVE ALL BEING MORE PARTICULARLY DESC: BEGIN AT THE SW COR OF LOT 2 BLK K TH N 289.20 FT TO THE INT ERSECTION WITH THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK PT BEING ON A CURVE CONCAVE SLY & A CENTRAL ANGEL OF 15-24-12 & A RADIUS OF 358.55 FT TH ELY ALONG THE ARC 96.39 FT (CHORD BEARING & DISTANCE OF N 83-01-53 E 96.10 FT) TO A
Tax Annual Amount 40365
Legal Description SEC 07 TWP 15 RGE 22 PLAT BOOK A PAGE 074 ALLREDS ADD OCALA BLK K LOTS 2 & ALL OF FL CENTRAL LAND CO SUB OF LOT 1 & BLK P LOTS 3.4 LYING SLY OF THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK & THAT PORTION OF GRANT ST LYING BETWEEN THE N BNDY OF LOTS 1.2 BLK K & THE S BNDY OF LOTS 3.4 BLK P & SLY OF THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK & EXC RD ROW FOR N MAGNOLIA AVE ALL BEING MORE PARTICULARLY DESC: BEGIN AT THE SW COR OF LOT 2 BLK K TH N 289.20 FT TO THE INT ERSECTION WITH THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK PT BEING ON A CURVE CONCAVE SLY & A CENTRAL ANGEL OF 15-24-12 & A RADIUS OF 358.55 FT TH ELY ALONG THE ARC 96.39 FT (CHORD BEARING & DISTANCE OF N 83-01-53 E 96.10 FT) TO A

Amenities

climate-controlled office/retail
laydown yard

Building Details

Year built 1956
Floors in Building 1
Building materials Block, Metal Frame, Metal Siding
Listing Agency: GUS GALLOWAY REALTY INC
Listed By: Nolan Galloway, III · License #BK3057213
Added: Jun 9 Changed: Aug 26 Last Checked: Aug 29 at 4:06PM
MLS# OM725110

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex-space property comprises four buildings totaling 45,345 square feet on 5.51 acres. The improvements combine warehouse, office, and retail areas with an outdoor laydown yard, creating a varied industrial configuration. Three buildings have fire suppression, while the office and retail areas are climate-controlled. Construction includes block, metal frame, and metal siding, with the improvements dating to 1956.

A separate 3.26-acre portion is zoned B-5 and designated as a laydown yard. The site also carries M-1 light-industrial zoning, with stated use potential that includes manufacturing, distribution, and outdoor storage. The property is located in Ocala, Florida, with access to major transportation routes.

Key Highlights

  • 45,345 SF across four buildings on 5.51 acres
  • 3.26‑acre B‑5 zoned laydown yard
  • Three buildings equipped with fire suppression

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Storage Facility (Bike/Boat/Book/etc) Store Pet Grooming Service Bakery Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

881
Businesses Nearby
Well-served
Demand for This Use

Demographics for 34475, FL

14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value

Market

Lease Benchmarks for Ocala, FL

$28.34 /SF/Yr
Avg Asking Price
$7.17–$132 /SF/Yr
Price Range
14,792 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Ocalaqueen352 Ocala, FL 34483
  • Beckwith Catering 809 N Magnolia Ave, Ocala, FL 34475
  • Island Vibes Island Life 641 NE 20th St apt A, Ocala, FL 34470

Frequently Asked Questions

What type of property is this?
Flex space - M-1 industrial zoning supports a mix of warehouse, office, retail, and outdoor storage functions.
Where is this flex space located?
The property is located at 1118 N MAGNOLIA Avenue Ocala, FL.
What is the lease rate?
The lease rate is $375,000.
What are key features of this property?
This property features: 45,345 SF across four buildings on 5.51 acres; 3.26‑acre B‑5 zoned laydown yard; Three buildings equipped with fire suppression
More about this property
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