Ocala, FL 34475,1469 N MAGNOLIA AVE

$950,000

Est. payment /mo

$950,000

Est.Price: ?

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1469 N MAGNOLIA AVE Ocala, FL 34475

14,400 SqFt

SOLD DATE : 02/28/2024

Key Details

Sold Price $950,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 14,400 sqft

Price per Sqft $65

Subdivision Pinecrest Un 01

MLS Listing ID OM658370

Sold Date 02/28/24

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1983

Annual Tax Amount $10,527

Lot Size 1.140 Acres

Acres 1.14

Property Description

Possible Owner Financing! Investment Opportunity with Added Value

Property: 14,400 square foot Retail/Office Strip Center
Unit Configuration: 11 units with retail or office spaces
Occupancy Rate: 85% occupied, ensuring stable rental income
Location: Prime spot in the Ocala Florida North Magnolia District
Convenience: Easy access to major roadways, close to all services

Discover the Potential

This impressive retail/office strip center is a remarkable investment opportunity in the thriving Ocala Florida North Magnolia District. With a substantial 14,400 square feet of space, it presents a range of possibilities for business owners and investors alike.

Diverse Unit Mix

The property boasts 11 units, providing an ideal blend of retail and office spaces. Whether you're looking to lease to retailers, entrepreneurs, or professional services, this versatile strip center accommodates a variety of businesses.

Stable Occupancy With an impressive 85% occupancy rate, this property ensures a steady stream of rental income. Existing tenants contribute to the property's stability, making it a secure investment with immediate returns.

Prime Location

Situated in the desirable Ocala Florida North Magnolia District, this strip center enjoys easy access to major roadways, ensuring excellent visibility and accessibility for tenants and customers. Close proximity to a wide range of services and amenities further adds to its appeal.

Added Value Potential

This property presents an added value investment opportunity. With the potential for improvements and strategic management, you can enhance its value and attract higher-quality tenants. Unleash the property's full potential and maximize your return on investment.

Don't Miss Out!

Seize the chance to own this exceptional retail/office strip center in the thriving Ocala Florida North Magnolia District. Whether you're an investor or a savvy business owner, this property offers the ideal combination of prime location, existing occupancy, and added value potential.

For more details and to schedule a viewing, contact our experienced real estate team today. Your next successful venture awaits!

Location

State FL

County Marion

Community Pinecrest Un 01

Zoning B4

Interior

Heating Heat Pump

Cooling Central Air

Exterior

Garage Parking Spaces - 19 to 30, Common

Utilities Available Water Connected

Waterfront false

Roof Type Shingle

Parking Type Parking Spaces - 19 to 30, Common

Building

Story 1

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Inspections

Others

Ownership Corporation

Special Listing Condition None

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Stellar MLS
Listed by BILL RODGERS REALTY
Bought with PLATINUM HOMES AND LAND REALTY

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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