731 N Magnolia Avenue

731 N Magnolia Avenue, Ocala, FL

$999,900

Price

0.84 acres

Lot Area

1979

Year Built

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Street
Map
Overview
Lot Area
0.84 acres
Year Built
1979
Zoning
M1
MlsNumber
816487
Description

Located on the E side of N Magnolia Ave between NW 7th St and NW 8th St.

Industrial/Warehouse - Ocala, FL

PRIME INDUSTRIAL/AUTOMOTIVE CENTER IN DOWNTOWN OCALA BUSINESS DISTRICT. This mixed-use showroom/warehouse, built of masonry concrete block, offers 8,388 SF (1,426 SF retail showroom, 6,962 SF warehouse/shop space). Recent improvements include a new roof (September 2021), Two and 3 Phase 240V Electric Supply, 11 (10’x12’) manual grade-level roll-up doors, racks, shelving, and a spacious fenced laydown yard on .84 acres. Zoned M1-Light Industrial, facilitating manufacturing. Nestled in Downtown Ocala North Magnolia Business District, it's near key landmarks like Ocala Diamond Railroad Crossing and Tuscawilla Art Park, a few blocks from Downtown Square, 1 mile from US 301, and 3.6 miles from Interstate 75. Ocala Metro anticipates reaching 400,000 population by 2024 and 500,000 by 2040, ranking 142nd largest MSA in the US. Boasting a diverse economy, it attracts businesses with its Central Florida location, skilled workforce, and affordable living costs. Serving as the regional employment hub, it draws from a three-county workforce of over 202,000 and a broader 6-county region with over one million residents. Located in Marion County, part of Ocala MSA, the 56th most populated city in Florida with 375,000 people and expected to exceed 600,000 by 2050. Thriving in healthcare, manufacturing, logistics, distribution, biotech, research, and equestrian sports. Notable expansions include over $500 million in healthcare projects and major companies like Amazon, Chewy, FedEx, Lockheed Martin, E-One, AT&T, Walmart, Publix, Cardinal LG, and Pella Windows headquartered in Ocala, contributing to its economic strength and employment base.

Highlights
  • Tax Roll Number: 1987351000
  • Annual Tax: $ 5200.0
  • Available Floors: 1
  • Roof: Metal Roof
  • Exterior Description: Concrete Block
  • Heating Type: Other
  • Cooling: Central A/C
  • Flooring: Concrete
  • Fireplace Description: Electric
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Listing ID: 2c587378-6001-443b-a5f6-103c212bedd2
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