1412 North Magnolia Avenue

Ocala, FL 34475

$1,495,900
Price
Beds
13,484 Sq. Ft.
$111 / Sq. Ft.
13,484
Sq. Ft.
$111
per Sq. Ft.

Description

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...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.
  1. Listed by Frederick Krim, Jr. • BOYD REAL ESTATE LLC
  2. Listed by Erin Freel • BOYD REAL ESTATE LLC

Property Details for 1412 North Magnolia Avenue

Township
15
Waterfront
No
LISTING UPDATED: 07/02/2024 12:27 PM

Property Details for 1412 North Magnolia Avenue

StatusActive
MLS #OM660638
Days on Market492
Taxes$5,063 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1941
Lot Size0.69 AC / 30,056 SF
CountyMarion County

Building Information for 1412 North Magnolia Avenue

Stories-Residences-Year Built1941Lot Size0.69 AC / 30,056 SF

Property Information for 1412 North Magnolia Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 13484.0
  • Building Area Units: Square Feet
  • 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.
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • Unit Number: No
  • Street Number: 1412
  • Street Direction Prefix: N
  • Street Name: MAGNOLIA
  • Street Suffix: AVENUE
  • State: FL
  • City: OCALA
Taxes and HOA Information
  • Tax Block: na
  • Tax Book Number: A/166
  • 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 Lot: na
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 25856-000-00
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Living Area: 13484
Property and Assessments
  • Year Built Numeric: 1941
  • Flood Zone Code: x
  • New Construction: No
  • Public Survey Range: 22
  • Public Survey Section: 7
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete, Stucco, Tilt up Walls
  • Foundation Details: Slab
  • Levels: Two
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Ceiling Height: 23 + Feet
  • Cooling: Central Air
  • Freezer Space: Yes
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No

Property History for 1412 North Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1412 North Magnolia Avenue

Taxable ValueLand$39,639Additions$223,042Total$262,681
Tax Record2023$6,224 ($519 / month)
Home Facts
Baths2.5Total Finished SqFt11,504 SqFtAbove Grade Finished SqFt11,504 SqFtStories1Lot Size30,492 SqFtStyleMiscellaneous CommercialYear Built1941Year Renovated1987ZoningB5; R1ACountyMARIONAPN25856-000-00

Schools near 1412 North Magnolia Avenue

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Wyomina Park Elementary School
PublicPK to 5

Howard Middle School
Public6 to 8

Vanguard High School
Public9 to 12

Pace Center For Girls, Inc.
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1412 North Magnolia Avenue is a mixed use property for sale in Ocala, FL 34475. This property was listed for sale on July 11, 2023 by BOYD REAL ESTATE LLC, it's currently listed at $1,495,900. This listing's school district is Marion. Nearby schools include Wyomina Park Elementary School, Howard Middle School and Vanguard High School. 1412 North Magnolia Avenue is a 0-bed, 0-bath, 13,484 sqft mixed use property built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BOYD REAL ESTATE LLC

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.