514 Magnolia Ave Ocala, FL 34471
- Commercial real estate
- 5,497 SF
- 0.28 lot acres
Current Use by Public Records
- The Monkey Cage / Used Furniture Store / Women'S Clothing Store
Property Details for 514 Magnolia Ave
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.28 lot acres
- Property size
- 5,497 SF
- Zone code
- FBC
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1373
- Latitude
- 29.1822
- CBSA code
- 36100
- CBSA name
- OCALA, FL METROPOLITAN STATISTICAL AREA
