OCALA, FL 34475 1412 N MAGNOLIA AVENUE

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Presented By: BOYD REAL ESTATE LLC with 352-861-2248. - 352-861-2248
  • MLS# OM660638
  • 07/13/2023
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  • SQFT • 13,484

Home Details

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.
Presented By: BOYD REAL ESTATE LLC with 352-861-2248. - 352-861-2248

Interior Features for 1412 N MAGNOLIA AVENUE

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes

General for 1412 N MAGNOLIA AVENUE

Additional Parcels Y/NNo
Building Area Unitssquare feet
Cityocala
Construction Materialsblock, concrete, stucco, tilt up walls
Coolingcentral air
Countymarion
Directionsthe property is located on north magnolia in downtown ocala 1/4 mile north of us 27 / bonnie heath blvd at the nw corner of the intersection of north magnolia and ne 14th street.
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptionsec 07 twp 15 rge 22 plat book a page 166 the central land co`s revised plat of marion heights blk 16 lots 19.20.21.22.23.24 exc row taking being more particularly desc: com at the se cor of ne 1/4 o
Levelstwo
Living Area Unitssquare feet
Lot Size Square Feet30056
Lot Size Unitssquare feet
MLS Area34475 - ocala
ModificationTimestamp2024-07-02t16:27:18.383z
New ConstructionNo
Ownershipsole proprietor
Property Subtypemixed use
Property Typecommercial sale
Standard Statusactive
Statusactive
Tax Annual Amount5063.29
Tax Lotna
Tax Year2022
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1941

Exterior for 1412 N MAGNOLIA AVENUE

Building Area Total13484
Foundation Detailsslab
Lot Size Acres0.7
Lot Size Area30056
Number of Buildings1
Road Frontage Typecity street
Road Surface Typeasphalt
Waterfront Y/NNo

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $1,495,900
MLS#OM660638
List Date 07/13/2023
Property Type Commercial
Phone 518.569.7173
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