514 S Magnolia AVENUE Ocala, FL $ 1,800,000
514 S Magnolia AVENUE
$ 1,800,000
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514 S Magnolia AVENUE

Ocala, FL, 34471
$ 1,800,000
Bedrooms-- Baths-- Sq 5,691

Monthly Estimate*

$ 10,780

514 S Magnolia AVENUE, Ocala, FL 34471 - Image 1
514 S Magnolia AVENUE, Ocala, FL 34471 - Image 2
514 S Magnolia AVENUE, Ocala, FL 34471 - Image 3
514 S Magnolia AVENUE, Ocala, FL 34471 - Image 4

Commercial Property for sale in Ocala, FL

for $1,800,000. This 5,691 square foot building was built in 1930 on a lot size of 0.28.

LOCATION LOCATION LOCATION!!! The Monkey has grown out of it's cage and needs to find a bigger space! Don't miss out on this incredible opportunity to own a 5691 square foot commercial building in the heart of downtown Ocala! This strategically located property is steps away from the bustling downtown square, across from a planned high-end multi-family development, a block away from the busy and popular Downtown Market, and close to the courthouse, restaurants, and the main post office. If you are looking for a location that will grow your business with exposure strategically placed to capture all of Marion County, THIS IS IT! If you are looking for an investment property that will grow your real estate portfolio, gain equity, and will be easily leased, THIS IS IT! The building features 1800 square feet currently separated out with its own access door, making it perfect for rental income or owner-occupied space. The sellers are motivated to sell as they are looking to expand into a larger space, making this a great investment opportunity for any business looking for maximum exposure and convenience. With its dynamic location and proximity to a thriving downtown and U.S. Highway 441, this commercial building is perfect for a wide range of businesses looking to capitalize on a diverse and active customer base. Don't miss out on the chance to be a part of Ocala's vibrant downtown community! *The Monkey Cage outgrew their space for a reason, now it's your turn! *Monkey Cage is NOT closing, they are moving locations.

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Commercial Active

Price

$ 1,800,000

Property Type

Commercial

Taxes

$ 9,297

Style

Mixed Use

Lot Size

0.28

Year Built

1930

Town/City

Ocala

County/Region

Marion

MLS | Web ID

OM684614

Features
General
Cooling central air
Construction Materials block concrete
Year Built 1930
Levels one
Property SubType mixed use
Tax Year 2023
Percent Ownership corporation
County marion
New Construction no
Property Type commercial sale
HOA Y
Status active
Directions from u.s. highway 441 turn east on to sw 10th street turn left onto se 5th street turn left onto magnolia avenue. monkey cage is on the right
City ocala
MLS Area 34471 - ocala
Lot Size Units square feet
Lot Size Square Feet 12197
Waterfront Y/N no
Terms cash conventional
Tax Annual Amount 9297.11
Additional Parcels Y/N no
Building Area Units square feet
Living Area Units square feet
Standard Status active
Tax Lot 1
Legal Description sec 18 twp 15 rge 22 plat book e page 002 new survey south ocala a pt of blk 17 being more particularly desc as: com at a pt on the e line of blk 17 a distance of 164 ft n of the se cor of blk 17 th
Water Access Y/N no
Water View Y/N no
Flood Zone Code x
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Interior
Flooring carpet terrazzo
Total Stories 1
Air Conditioning Y/N yes
Total Baths 0
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Exterior
Lot Size Area 12197
Foundation Details slab
Number of Buildings 1
Building Area Total 5691
Lot Size Acres 0.28
Road Surface Type paved
Road Frontage Type city street
Road Responsibility public maintained road
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* Excluded Features
List By
Invictus Real Estate Llc

Broker

jamie@invictusfl.com

Email

Affordability Calculator

$11,555
Per Month
93%
7%
0%
Monthly Principal & Interest
$10,780
Monthly Property Taxes
$775
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/23/2024$1,800,000 Listed Price

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514 S Magnolia AVENUE, Ocala, FL, 34471 is a Commercial Property for sale at $1,800,000 with 5,691 sqft and a lot size of 0.28. 514 S Magnolia AVENUE was built in 1930. The property's zip code is 34471 which is in Ocala, FL