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    514 Magnolia Ave Ocala, FL 34471

    For Sale
    $1,800,000

    Prime Location, High-Growth Potential

    Property size:
    5,691 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    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 Features for 514 Magnolia Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,691 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Monkey Cage Shoe Store

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.13728
    Latitude
    29.18221

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High-Growth Potential
    Where is this mixed-use property located?
    The property is located at 514 Magnolia Ave Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (352) 619-4466
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Magnolia Ave Ocala, FL 34471
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