English
Russian
$1,495,900 • living size area 13484 sqft
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.Multi Family - for Sale
1412 N MAGNOLIA, OCALA, FL 34475
Asking Price$1,495,900 Change Price$124,100
Share by:
- Living 13484sqft
- Lot size 30056sqft
- Taxes: Register to see
- Year Built 1941
-
Days on market:
532 day(s) Original Price:
$1,620,000-
Price per sqft:
$110.94 Tax Legal Description:
SEC 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 OF SEC 7 TH N 00-16-20 E 59.78 FT TH S 89-57 -33 W 26 FT TO THE POB TH CONT S 89-57-33 W 26.19 FT TH N 41-16-20 E 26.03 FT TH N 02-58-57 E 80.13 FT TH N 89-58-13 E 5.33 FT TH S 00-16-20 W 99.57 FT TO THE POB BLK 16 LOT 23 & A PT OF LOT 22 BEING MORE PARTICULARLY DESC AS: COM AT THE SE COR OF NE 1/4 OF SEC 7 TH S 89-57-09 W 149.14 FT TH N 00-15-52 E 33.60 FT TO THE POB TH S 79-31-43 W 130.41 FT TH N 00-15-26 E 74.71 FT TH N 89-57-33 E 128.14 FT TH S 00-15-52 W 51.10 FT TO THE POB & BLK 16 A PT OF LOT 24 BEING MORE PARTICULARLY DESC AS: COM AT THE SE COR OF NE 1/4 OF SEC 7 TH S 89-57-09 W 149.14 FT TH N 00-15-52 E 33.60 FT TO THE POB TH N 00-15-52 E 26.25 FT TH N 89-57-33 E 96.95 FT TH S 41-16-20 W 13.24 FT TH S 79-31-43 W 89.83 FT TO THE POBTax Year:
2022-
MLS:
OM660638 -
Property Type:
Multi Family
Construction Type:
StuccoBlockConcrete Tilt up WallsCooling Description:
Central AirSpecial Listing Conditions:
None
