1412 N Magnolia AvenueOcala, FL 34475MLS Number OM660638

  • Price: $1,495,900
  • 367 Days on Market
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
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1412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 344751412 N Magnolia Avenue Ocala FL 34475
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  • 0.7Acreage
  • 1941Year Built
  • 13,484Square Feet
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.
Listing Courtesy of BOYD REAL ESTATE LLC

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Location Information

  • Road Frontage["City Street"]

Basic Information

  • Property SubTypeMixed Use
  • Virtual TourView Tour

Property

  • Living Area 13484

Utilities

  • Cooling Central Air

Property Information

  • Acreage0.7
  • Construction Materials Block, Concrete, Stucco, Tilt up Walls
  • Lot Size Square Feet 30,056
  • MFR Total Acreage 1/2 to less than 1
  • Square Feet13,484

Basic Information

  • List Price$1,495,900
  • MLS NumberOM660638
  • Mls Status Active
  • StatusACT

Building

  • Building Area Source Public Records
  • Levels Two
  • MFR Ceiling Height 23 + Feet
  • MFR Freezer Space YN Yes
  • Year Built1941

Water Body

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

Other

  • Date Listed07/13/2023
  • MFR Flood Zone Code x
  • View Count65

Tax Information

  • Tax Year 2022
  • Taxes$5,063

Location

  • Address1412 N Magnolia Avenue
  • AreaOcala
  • Building Number1412
  • CountyMarion
  • StateFL
  • StreetMagnolia
  • TownOcala
  • Township 15
  • Zip34475
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of July 13, 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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