1469 N Magnolia AvenueOcala, FL 34475MLS Number OM658370

  • Sale Price: $950,000
  • 116 Days Since Sale
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Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
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1469 N Magnolia Avenue Ocala FL 34475
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  • 1.14Acreage
  • 1983Year Built
  • 14,400Square Feet
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!
Listing Courtesy of BILL RODGERS REALTY

Listing Sold by PLATINUM HOMES AND LAND REALTY

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More Info

Location Information

  • Road Frontage["Business District", "City Street", "Main Throrughfare"]

Basic Information

  • Property SubTypeRetail

Location

  • Address1469 N Magnolia Avenue
  • AreaOcala
  • Building Number1469
  • CountyMarion
  • StateFL
  • StreetMagnolia
  • SubdivisionPinecrest Un 01
  • TownOcala
  • Township 15S
  • Zip34475

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Other

  • Date Listed05/19/2023
  • MFR Flood Zone Code X
  • View Count77

Basic Information

  • List Price$950,000
  • MLS NumberOM658370
  • Mls Status Sold
  • Sale Date02/28/2024
  • Sale Price$950,000
  • StatusSLD

Property

  • Living Area 14400
  • ZoningB4

Utilities

  • Cooling Central Air
  • Electric ["200+ Amp Service", "220 Volts"]
  • Heating Heat Pump
  • Sewer Public Sewer
  • Utilities Water Connected
  • Water Source Public

Tax Information

  • Tax Year 2022
  • Taxes$10,527

Parking

  • Parking Features Parking Spaces - 19 to 30, Common

Building

  • BasementOther
  • Building Area Source Public Records
  • MFR Ceiling Height 8 to 9 Feet
  • RoofShingle
  • Stories1
  • Units14
  • Year Built1983

Property Information

  • Acreage1.14
  • Construction Materials Block
  • Lot Size Square Feet 49,658
  • MFR Total Acreage 1 to less than 2
  • Square Feet14,400
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of June 22, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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