1412 North Magnolia Avenue
$1,495,900
—
13,484
13,484
$111
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.
- Listed by Frederick Krim, Jr. • BOYD REAL ESTATE LLC
- Listed by Erin Freel • BOYD REAL ESTATE LLC
Property Details for 1412 North Magnolia Avenue
Township
15
WaterfrontNo
LISTING UPDATED: 07/02/2024 12:27 PM
Property Details for 1412 North Magnolia Avenue
Status | Active |
---|---|
MLS # | OM660638 |
Days on Market | 492 |
Taxes | $5,063 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1941 |
Lot Size | 0.69 AC / 30,056 SF |
County | Marion 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
Property History for 1412 North Magnolia Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.