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    1120 Magnolia Ave Ocala, FL 34475

    Sponsored
    For Lease
    $8 SF/Yr

    5+ Acres, 45,000+ SF Manufacturing Space

    Lot size:
    45,342 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Ocala, Florida industrial property offers over 45,342 square feet of manufacturing space across four single-story buildings situated on a 5-acre lot. The property features five drive-in doors, 3-phase 480v power, and is zoned M1. Three of the buildings include sprinkler systems, and the office/retail area is climate-controlled. Roof replacements were completed in 2018. The property includes a 3.26-acre B5 zoned lay-down yard, offering significant additional space. Located at 1120 N Magnolia Ave, Ocala, FL 34475 (APN: 2572-016-001 and 2572-012-001), this property is ideally suited for a single tenant seeking long-term growth opportunities. While primarily designed for a single tenant, the owner may consider a two-tenant arrangement. This prime location in Marion County benefits from excellent access to major Florida roadways. The property is available for occupancy in early summer 2025. Detailed building square footage and specifications are available upon request. This is a rare opportunity to acquire a substantial industrial facility in one of the fastest-growing cities in the United States.

    Property Features for 1120 Magnolia Ave

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,342 SF
    Total Rate
    30228

    Building Details

    Buildings
    4
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    45,342 SF
    Rate per SF
    $8

    HighLights

    • 45,000+ SF of combined land area across two parcels.
    • Vacant lot available for lease at a monthly rate of $9,780.
    Property Profile Location Intelligence

    Current Use by Public Records

    Antebellum Manufacturing Fence Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1368927
    Latitude
    29.198104

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    FAQs

    What type of property is this?
    Manufacturing property - 5+ Acres, 45,000+ SF Manufacturing Space
    Where is this manufacturing property located?
    The property is located at 1120 Magnolia Ave Ocala, FL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 45,000+ SF of combined land area across two parcels.; Vacant lot available for lease at a monthly rate of $9,780.;
    Request Owner's contact information
    1120 Magnolia Ave Ocala, FL 34475
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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
    1120 Magnolia Ave Ocala, FL 34475
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