Homes for sale - 1412 N MAGNOLIA AVE, Ocala, FL 34475

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Ani Palaus

anni@palausproperties.com +1(813) 444-3087

$ 1,495,900

Est. payment | -/mo

13,484 SqFt

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$ 1,495,900

Est. payment | -/mo

Save Virtual Tour

13,484 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 13,484 sqft

Price per Sqft $110

MLS Listing ID OM660638

HOA Y/N No

Originating Board Stellar MLS

Year Built 1941

Annual Tax Amount $5,063

Lot Size 0.700 Acres

Acres 0.7

Property 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 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.

Location

State FL

County Marion

Interior

Cooling Central Air

Exterior

Waterfront false

Building

Entry Level Two

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Block,Concrete,Stucco,Tilt up Walls

New Construction false

Others

Ownership Sole Proprietor

Special Listing Condition None

Listed by BOYD REAL ESTATE LLC

Ani Palaus
Agent License ID: SL3527257

I'm Ani Palaus, your expert in Tampa Bay Coastal properties. From luxurious beachfront homes to charming coastal cottages and stunning waterfront condos, I have the experience to find your dream property. With my deep knowledge of the local market, I'll provide valuable insights and guide you through a seamless buying or selling process. Whether you're a first-time buyer or a seasoned investor, I’m here to help you achieve your real estate goals with exceptional service and dedication.

+1(813) 444-3087

anni@palausproperties.com

St Pete Beach, FL, 33706, USA

1412 N MAGNOLIA AVE Ocala, FL 34475

Ani Palaus

Key Details

Location

Interior

Exterior

Building

Others

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1412 N MAGNOLIA AVE