1412 N Magnolia Avenue Ocala Florida | Home for Sale
To schedule a showing of 1412 N Magnolia Avenue, Ocala, Florida, Call David Shippey at 863-521-4517 TODAY!
Ocala, FL 34475
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 13,484SqFt
- 1941Year Built
- 0.70Acres
- MLS# OM660638
- Commercial
- MixedUse
- Active
- Approx Time on Market1 year, 2 months, 14 days
- Area34475 - Ocala
- CountyMarion
- Subdivision N/A
Overview
One or more photo(s) has been virtually staged. Since 1941 the Magnolia Bakery has been the iconic Italian home to the best bread, pastries and personalized Italian meals in the area. Located near Downtown Ocala, in one of the newest revitalization area known as the North Magnolia district, the Magnolia Bakery is an ideal location for a restaurant & bar, special events center or warehouse space. This B5 zoned, 13,000+ SF multi-use and multi-level facility has an air-conditioned bakery and seating area downstairs with kitchen and walk in coolers. The 20ft ceilings and ample light make it a great entertainment space. Attached to the bakery is an expansive warehouse with 3 large office spaces on the second floor with new bathroom. While the public records show a build date of 1941, a fire destroyed the the building in 1986 and the majority of the building was rebuilt with solid tilt wall construction in 1987. The facility was reroofed in August 2021, all except the small donut shop. New electrical was put in within the last three years. It is also equipped with a new security system with lights and cameras on the entire building with viewing monitor in kitchen. The donut shop can run as a separate second business with its own entrance and bathroom. The asking price valuation is for real estate only, however if the buyer would like to take over current operations, the owners will train them. The monthly net return is currently $7,000/month. No financials will be provided, however they are willing to transfer the the long standing name, goodwill of the business and the family recipe book to the new buyers with the transaction if desired. Ocala has consistently been touted in national ranking categories, including 10th safest, 6th fastest growing metros and 16th best places to retire. The Ocala Metro ranked #2 nationally in new single home construction per capita. Additional parcels next door totaling 1.31 acres could be available from the city. For more information on what is happening in nearby Downtown Ocala, check out OcalaMainStreet.org and the city of Ocala CRA page at Ocalafl.gov.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Senior Community: No
Association: ,No,
Bathroom Info
Building Info
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Pool Private: No
Financial
Original Price: $1,620,000
Garage / Parking
Open Parking: No
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Levels: Two
Spa: No
Lot Info
Direction Remarks: The property is located on North Magnolia in downtown Ocala 1/4 mile North of US 27 / Bonnie Heath Blvd at the NW corner of the intersection of North Magnolia and NE 14th Street.
Lot Size Units: Acres
Lot Size Acres: 0.7
Lot Sqft: 30,056
Road Frontage Type: CityStreet
Other
Special Conditions: None
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 7
Class Type: MixedUse
Property Sub Type: MixedUse
Property Attached: No
New Construction: No
Construction Materials: Block, Concrete, Stucco, TiltUp
Stories: 2
Mobile Home Remains: ,No,
Foundation: Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 13,484
Bulding Area Sqft: 13,484
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,022
Tax Lot: na
Tax Legal Description: SEC 07 TWP 15 RGE 22 PLAT BOOK A PAGE 166 THE CENTRAL LAND CO`S REVISED PLAT OF MARION HEIGHTS BLK 16 LOTS 19.20.21.22.23.24 EXC ROW TAKING BEING MORE PARTICULARLY DESC: COM AT THE SE COR OF NE 1/4 OF SEC 7 TH N 00-16-20 E 59.78 FT TH S 89-57 -33 W 26 FT TO THE POB TH CONT S 89-57-33 W 26.19 FT TH N 41-16-20 E 26.03 FT TH N 02-58-57 E 80.13 FT TH N 89-58-13 E 5.33 FT TH S 00-16-20 W 99.57 FT TO THE POB BLK 16 LOT 23 & A PT OF LOT 22 BEING MORE PARTICULARLY DESC AS: COM AT THE SE COR OF NE 1/4 OF SEC 7 TH S 89-57-09 W 149.14 FT TH N 00-15-52 E 33.60 FT TO THE POB TH S 79-31-43 W 130.41 FT TH N 00-15-26 E 74.71 FT TH N 89-57-33 E 128.14 FT TH S 00-15-52 W 51.10 FT TO THE POB & BLK 16 A PT OF LOT 24 BEING MORE PARTICULARLY DESC AS: COM AT THE SE COR OF NE 1/4 OF SEC 7 TH S 89-57-09 W 149.14 FT TH N 00-15-52 E 33.60 FT TO THE POB TH N 00-15-52 E 26.25 FT TH N 89-57-33 E 96.95 FT TH S 41-16-20 W 13.24 FT TH S 79-31-43 W 89.83 FT TO THE POB
Tax Block: na
Tax Annual Amount: 5063.29
Tax Book Number: A/166
Unit Info
Rent Controlled: No
Utilities / Hvac
Electric On Property: ,No,
Cool System: CentralAir
Cooling: Yes
Heating: No
Waterfront / Water
Waterfront: No
View: No
Directions
The property is located on North Magnolia in downtown Ocala 1/4 mile North of US 27 / Bonnie Heath Blvd at the NW corner of the intersection of North Magnolia and NE 14th Street.This listing courtesy of Boyd Real Estate Llc
The information being provided by © 2024 My Florida Regional MLS DBA Stellar MLS is for the consumer's
personal, non-commercial use and may not be used for any purpose other than to
identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 09-28-2024 8:25 AM EST.
If you have any questions on 1412 N Magnolia Avenue, Ocala, Florida, please call David Shippey at 863-521-4517.
MLS# OM660638 located at 1412 N Magnolia Avenue, Ocala, Florida is brought to you by David Shippey REALTOR®
1412 N Magnolia Avenue, Ocala, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 1412 N Magnolia Avenue, Ocala, Florida is OM660638.
The price for 1412 N Magnolia Avenue, Ocala, Florida is $1,495,900.
The status of 1412 N Magnolia Avenue, Ocala, Florida is Active.
The subdivision of 1412 N Magnolia Avenue, Ocala, Florida is .
The home located at 1412 N Magnolia Avenue, Ocala, Florida was built in 2024.
Related Searches: Chain of Lakes Winter Haven Florida