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1469 N Magnolia Avenue, Ocala, FL 34475
$950,000
1469 N Magnolia Avenue, Ocala, FL 34475View this property at 1469 N Magnolia Avenue, Ocala, FL 34475
1469 N Magnolia AvenueOcalaFL34475
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Property Description
Possible Owner Financing! Investment Opportunity with Added Value Property: 14,400 square foot Retail/Office Strip Center Unit Configuration: 11 units with retail or office spaces Occupancy Rate: 85% occupied, ensuring stable rental income Location: Prime spot in the Ocala Florida North Magnolia District Convenience: Easy access to major roadways, close to all services Discover the Potential This impressive retail/office strip center is a remarkable investment opportunity in the thriving Ocala Florida North Magnolia District. With a substantial 14,400 square feet of space, it presents a range of possibilities for business owners and investors alike. Diverse Unit Mix The property boasts 11 units, providing an ideal blend of retail and office spaces. Whether you're looking to lease to retailers, entrepreneurs, or professional services, this versatile strip center accommodates a variety of businesses. Stable Occupancy With an impressive 85% occupancy rate, this property ensures a steady stream of rental income. Existing tenants contribute to the property's stability, making it a secure investment with immediate returns. Prime Location Situated in the desirable Ocala Florida North Magnolia District, this strip center enjoys easy access to major roadways, ensuring excellent visibility and accessibility for tenants and customers. Close proximity to a wide range of services and amenities further adds to its appeal. Added Value Potential This property presents an added value investment opportunity. With the potential for improvements and strategic management, you can enhance its value and attract higher-quality tenants. Unleash the property's full potential and maximize your return on investment. Don't Miss Out! Seize the chance to own this exceptional retail/office strip center in the thriving Ocala Florida North Magnolia District. Whether you're an investor or a savvy business owner, this property offers the ideal combination of prime location, existing occupancy, and added value potential. For more details and to schedule a viewing, contact our experienced real estate team today. Your next successful venture awaits!
Full Property Details
Full Property Details for 1469 N Magnolia Ave
General
- Sold For: $950,000
- Taxes: $10,527 (2022)
- Status: Closed
- Type: Retail
- MLS ID: OM658370
- Added to Site: 379 day(s) ago
Rental Information
- Complex Features: Bathrooms, Dumpsters
Parking
- Parking Features: 19 to 30 Spaces, Common
Location
- Area: 34475 - Ocala
- County: Marion
- Development Name: 34475 - Ocala
- Subdivision: PINECREST UN 01
- Driving Directions: SR 40 East to NE 8th Ave, north for 0.9 mi. Continue on NE 8th Ave. Go for 410 ft Turn left onto NE 14th St. Go for 0.4 mi. Turn right. Go for 272 ft Turn right. Go for 59 ft.
- Direction Faces: South
Community
- Community Name: 34475 - Ocala
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Basement Desc.: Other
- Roof: Shingle
- Ceiling Height: 8 to 9 Feet
- Square Feet: 14,400
- Sq. Ft. Source: Public Records
- Living Area: 14,400 Sq. Ft.
- Year Built: 1983
Lot Features
- Lot Size (Acres): 1.14
- Lot Size (Sq. Ft.): 49,658
- Lot Size: 1.14
- Frontage: Business District, City Street, Main Throrughfare
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $10,527.63
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Corporation
- Special Conditions: None
- Legal Description: SEC 08 TWP 15 RGE 22 PLAT BOOK D PAGE 073 PINE CREST UNIT NO 1 BLK 3 LOTS 1.2.3
- Flood Zone Info: X
- APN: 2617500000
- Property ID: 2617500000
- Block/Lot/Section: 3
Listed by Bill Rodgers Realty
Sold by Platinum Homes and Land Realty
Get Pre-Approved Today
Schools
Schools serving 1469 N Magnolia Ave
School District:Marion County School District
Rating | Name | Grades | Distance |
---|---|---|---|
511 Ne 12th Ave, Ocala, FL 34470 | PK-5 | 1 mi | |
545 Ne 17th Ave, Ocala, FL 34470 | 6-8 | 1.4 mi | |
7 Nw 28th St, Ocala, FL 34475 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1469 N Magnolia Ave
Date
Details
Price
Change
Source
2/28/2024
Sold
$950,000
—
MLS
10/12/2023
Price Reduced
$950,000
-32.14%
MLS
6/15/2023
Price Reduced
$1,400,000
-22.22%
MLS
5/19/2023
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1469 N Magnolia Avenue, Ocala, FL 34475 (MLS# OM658370) is a Retail property that was sold at $950,000 on February 28, 2024. Want to learn more about 1469 N Magnolia Avenue? Do you have questions about finding other Retail real estate for sale in Ocala? You can browse all Ocala real estate or contact a Coldwell Banker agent to request more information.