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

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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

$1,495,900

Est. payment - /mo

13,484 SqFt

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UPDATED:

07/02/2024 08:28 PM

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

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

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Listed by BOYD REAL ESTATE LLC

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com

1412 N MAGNOLIA AVE Ocala, FL 34475