$94,388 $536 est/mo Sourced by Back At You

1412 N Magnolia Avenue,OCALA, FL 34475

OCALA FL, 34475

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Description

One or more photo(s) has been virtually staged. One, two or three tenant opportunity. Option one is to lease the restaurant, currently the home of iconic Magnolia Bakery, who will be retiring. Full kitchen and dining/seating area. Option two includes the donut shop with all equipment ready to run again as a donut or coffee shop and option three is the large warehouse that has central AC and heat, 20 ft ceiling and 2000 SF of office space above the warehouse. This property is also for sale at the reduced price of $1,495,900 and can be turned into a multi-tenant facility or lease the entire space and sub lease what you don’t need. Lease purchase option available as well. Lease rate is below market rent. This facility is located in the North Magnolia District of Ocala, a new growth and redevelopment are for the City of Ocala. Essex Mortgage moved corporate headquarters across the street with 300 employees, bringing great traffic to the area. The current owner, Magnolia Bakery has been at this location for 48 years and is a well known location and has a built in audience. Limitless potential. The lot next door is owned by the City of Ocala and could be available to the new owners for expansion. Warehouse: 5524 SF, Office space above Warehouse: 200SF, Donut Shop 1800 SF, Kitchen 1984 SF, Dining/Restaurant Area: 2009 SF. (Measurements approximate, rent rate is based on 13,424 square ft).

Details

MLS#OM667892
Listing TypeFor Lease
TypeMixed Use
StatusActive
Year1941
Days On Site115
Listing Provided ByBOYD REAL ESTATE LLC | Erin Freel

Features

SQ Feet13,484
Acreage0.70

Market Activity 34475

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of March 4, 2024 at 5:03:17 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyMarion
CityOCALA
Zip Code34475
Area34475 Ocala
Listing VS Median (in 34475)
Price:
$94,388
low | high
Med:
$147,000
5.740136458024% of Average
SqFt:
13,484
low | high
Med:
1,574
100% of Average
$ / SqFt:
$7
low | high
Med:
$165
100% of Average
On Site:
115
low | high
Med:
152.000000
75.657894736842% of Average
Sourced by Back At You
Listing Updated: January 29, 2024 at 10:49:53 PM PST
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