1706 N Magnolia Ave - Storefront FOR SALE


Ocala, FL 34475- Downtown Ocala
$1,275,000 USD
727-207-8292
1706 N Magnolia Ave, Ocala, FL for Sale
$1,275,000 USD
Storefront - FOR SALE
1/29
null | Request Cap Rate

1706 N Magnolia Ave
Ocala, FL 34475
Downtown Ocala


HIGHLIGHTS

  • Grade-level roll-up doors for efficient loading and operations
  • Zoned B-4, allowing a broad mix of retail, service, and light industrial uses
  • Centrally located with excellent access to US 441/301 and US 27

OVERVIEW

10,985± SF of flex retail/warehouse space offered across three buildings located on N Magnolia Ave in the heart of Ocala. This centrally located property provides quick and convenient access to US 441/301 and US 27, making it ideal for a wide range of commercial users seeking strong connectivity and visibility. Situated on approximately 0.95 acres and zoned B-4, the property allows for a broad mix of retail, service, and light industrial uses, offering excellent flexibility for both owner users and investors. The site is comprised of three separate buildings with a variety of unit sizes and configurations, each combining office and warehouse components. Building 100 totals 2,805± SF and features approximately 900± SF of office/showroom space with the balance dedicated to warehouse, serviced by a grade-level roll-up door. Building 200 consists of 3,080± SF divided into three equal units, each with a small office, restroom, and primarily warehouse space, along with one grade-level roll-up door per unit. Building 300 spans 5,100± SF and includes one 3,000± SF unit and two 1,050± SF units, all with roll-up doors and varying office/bathroom layouts. Current NOI of $57,760.70 with the potential fully leased NOI of +/- $107,000 with approx. 5,000 SF vacant spread across 3 Units. This multi-tenant flex asset presents a unique opportunity for both immediate functionality and long-term upside in a highly accessible Ocala corridor.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

B4

APN/PARCEL ID

25792-000-00

ASK ABOUT THIS PROPERTY

Nolan GallowayGus Galloway Realty Inc.More Info
727-207-8292

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Nolan GallowayGus Galloway Realty Inc.More Info
727-207-8292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.