Retail/Service Building with Captive
For Lease
$18 SF/Yr
304 S MAGNOLIA Avenue, Ocala, FL 34471
COMMERCIAL - OCALA, FL
Property Size6,110 SF
Lot Size0.30 Acres
Days on Market147
Property Features for 304 S MAGNOLIA Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Directions
From Downtown Ocala head South on S Magnolia Ave, property is on the right.
Subdivision
34471 - Ocala
Standard status
Active
APN
2853-049-001
Size
6,110 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 18 TWP 15 RGE 22 PLAT BOOK E PAGE 001 OLD SURVEY OCALA LOT 1 BLK 49
Tax Annual Amount
10545
Legal Description
SEC 18 TWP 15 RGE 22 PLAT BOOK E PAGE 001 OLD SURVEY OCALA LOT 1 BLK 49
Utilities
Cooling system
Central Air
Building Details
Year built
1924
Floors in Building
1
Building materials
Brick
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Nolan Galloway, III · License #BK3057213
(352) 572-9109
Added: Mar 6
Changed: Jul 20
Last Checked: Jul 31 at 9:06PM
MLS# OM720256
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.
Located near the heart of Downtown Ocala, this commercial property at 304 S Magnolia Ave includes a primary building plus an adjacent vacant, unpaved parking lot. The main building fronts S Magnolia Ave and SW 3rd Street, with dedicated on-site parking supporting day-to-day customer and employee access.
The included adjacent lot adds additional captive parking capacity and fronts SW 3rd Street and SW 1st Avenue. With multiple street frontages, the site offers visibility and convenient entry from more than one direction.
Zoned under the Form-Based Code (FBC), the property is described as supporting a wide range of commercial, office, retail, and service uses. This combination of flexible zoning, dual exposure, and on-site parking can fit professional office, medical, showroom, or service-oriented tenant needs seeking proximity to Downtown Ocala.
The included adjacent lot adds additional captive parking capacity and fronts SW 3rd Street and SW 1st Avenue. With multiple street frontages, the site offers visibility and convenient entry from more than one direction.
Zoned under the Form-Based Code (FBC), the property is described as supporting a wide range of commercial, office, retail, and service uses. This combination of flexible zoning, dual exposure, and on-site parking can fit professional office, medical, showroom, or service-oriented tenant needs seeking proximity to Downtown Ocala.
Key Highlights
- 6,110 +/- SF brick commercial building built in 1924 with central air
- On +/-0.60 total acres with frontage along S Magnolia Ave and SW 3rd Street
- Included +/-0.30‑acre adjacent vacant, unpaved parking lot with frontage on SW 3rd Street and SW 1st Avenue
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Lease Benchmarks for Ocala, FL
$59.44 /SF/Yr
Avg Asking Price
$2.35–$228 /SF/Yr
Price Range
18,938 SF
Avg Space Size
This space is priced 70% below the average of $59.44 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building with dual street frontage and dedicated parking, supported by FBC zoning for varied retail, office, and service uses.
Where is this retail space located?
The property is located at 304 S MAGNOLIA Avenue Ocala, FL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 6,110 +/- SF brick commercial building built in 1924 with central air; On +/-0.60 total acres with frontage along S Magnolia Ave and SW 3rd Street; Included +/-0.30‑acre adjacent vacant, unpaved parking lot with frontage on SW 3rd Street and SW 1st Avenue
