514 South Magnolia Avenue

Ocala, FL 34471

$1,800,000
Price
Beds
5,691 Sq. Ft.
$316 / Sq. Ft.
5,691
Sq. Ft.
$316
per Sq. Ft.

Description

Location location location! The Monkey has grown out of it's cage and needs to find a bigger space! Don't miss out on this incredible opportunity to own a 5691 square foot commercial building in the heart of downtown Ocala! This strategically located property is steps away from the bustling downtown square, across from a planned high-end multi-family development, a block away from the busy and popular Downtown Market, and close to the courthouse, restaurants, and the main post office. If you are...Location location location! The Monkey has grown out of it's cage and needs to find a bigger space! Don't miss out on this incredible opportunity to own a 5691 square foot commercial building in the heart of downtown Ocala! This strategically located property is steps away from the bustling downtown square, across from a planned high-end multi-family development, a block away from the busy and popular Downtown Market, and close to the courthouse, restaurants, and the main post office. If you are looking for a location that will grow your business with exposure strategically placed to capture all of Marion County, THIS IS IT! If you are looking for an investment property that will grow your real estate portfolio, gain equity, and will be easily leased, THIS IS IT! The building features 1800 square feet currently separated out with its own access door, making it perfect for rental income or owner-occupied space. The sellers are motivated to sell as they are looking to expand into a larger space, making this a great investment opportunity for any business looking for maximum exposure and convenience. With its dynamic location and proximity to a thriving downtown and U. S. Highway 441, this commercial building is perfect for a wide range of businesses looking to capitalize on a diverse and active customer base. Don't miss out on the chance to be a part of Ocala's vibrant downtown community! The Monkey Cage outgrew their space for a reason, now it's your turn! Monkey Cage is NOT closing, they are moving locations.
  1. Listed by Jamie Blankenship • INVICTUS REAL ESTATE LLC

Property Details for 514 South Magnolia Avenue

Township
15S
Waterfront
No
LISTING UPDATED: 08/24/2024 01:00 AM

Property Details for 514 South Magnolia Avenue

StatusActive
MLS #OM684614
Days on Market116
Taxes$9,297 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1930
Lot Size0.28 AC / 12,197 SF
CountyMarion County

Building Information for 514 South Magnolia Avenue

Stories1Residences-Year Built1930Lot Size0.28 AC / 12,197 SF

Property Information for 514 South Magnolia Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 5691.0
  • Building Area Units: Square Feet
  • Directions: From U.S. Highway 441 Turn East on to SW 10th Street, Turn Left onto SE 5th Street, Turn Left onto Magnolia Avenue. Monkey Cage is on the Right
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • Unit Number: No
  • Street Number: 514
  • Street Direction Prefix: S
  • Street Name: MAGNOLIA
  • Street Suffix: AVENUE
  • State: FL
  • City: OCALA
Taxes and HOA Information
  • Tax Block: 17
  • Tax Book Number: E-002NEW
  • Tax Legal Description: SEC 18 TWP 15 RGE 22 PLAT BOOK E PAGE 002 NEW SURVEY SOUTH OCALA A PT OF BLK 17 BEING MORE PARTICULARLY DESC AS: COM AT A PT ON THE E LINE OF BLK 17 A DISTANCE OF 164 FT N OF THE SE COR OF BLK 17 TH W 116 FT TH S 164 FT TH E 16 FT TH N 65 FT TH E 100 FT TO THE E LINE OF BLK 17 TH N TO THE POB
  • Tax Lot: 1
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 2852-017-003
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Living Area: 5691
Property and Assessments
  • Year Built Numeric: 1930
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 22E
  • Public Survey Section: 18
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Foundation Details: Slab
  • Levels: One
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Cooling: Central Air
  • Flooring: Carpet, Terrazzo
  • Living Area Units: Square Feet
  • Water View: No

Property History for 514 South 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 514 South Magnolia Avenue

Taxable ValueLand$73,182Additions$375,701Total$448,883
Tax Record2023$9,297 ($775 / month)
Home Facts
Baths2Total Finished SqFt5,497 SqFtAbove Grade Finished SqFt5,497 SqFtStories1Lot Size12,197 SqFtStyleMiscellaneous CommercialYear Built1930Year Renovated2007ZoningFBCCountyMARIONAPN2852-017-003

Schools near 514 South 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
Eighth Street Elementary School
PublicPK to 5

Osceola Middle School
Public6 to 8

Forest 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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514 South Magnolia Avenue is a mixed use property for sale in Ocala, FL 34471. This property was listed for sale on August 23, 2024 by INVICTUS REAL ESTATE LLC, it's currently listed at $1,800,000. It has been on the market for a total of 116 days and was last sold on January 11, 2017. This listing's school district is Marion. Nearby schools include Eighth Street Elementary School, Osceola Middle School and Forest High School. 514 South Magnolia Avenue is a 0-bed, 0-bath, 5,691 sqft mixed use property built in 1930.

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 INVICTUS 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.