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1412 N Magnolia Ave
13,424 SF Vacant Retail Building Ocala, FL 34475 $1,495,900 ($111/SF)
Investment Highlights
- Long standing Bakery in place
- North Magnolia Business District
- B5 Zoning
- Additional Lot Available
Executive Summary
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.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,000
|
$6.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,000
|
$6.26
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $6.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $6.26 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Freeway Visibility
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Since 1996, Magnolia Bakery has been one of America’s most-cherished bakeshops and set the standard for tried-and-true desserts and baked goods. Learn more about their journey from neighborhood gem to sweet success. For more than 25 years, Magnolia Bakery has been making America’s favorite baked goods the old-fashioned way: from scratch, in small batches, and using the finest ingredients. Their assortment includes their fan-favorite cakes and cupcakes, world-famous banana pudding, and a host of other classic baked goods, seasonal treats, and more.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
One, two or three tenant opportunity. Option one is to lease the restaurant, currently the home of iconic Magnolia Bakery, who will be retiring. Full kitchen and dining/seating area. Option two includes the donut shop with all equipment ready to run again as a donut or coffee shop and option three is the large warehouse that has central AC and heat, 20 ft ceiling and 2000 SF of office space above the warehouse. This property is also for sale at the reduced price of $1,495,000 and can be turned into a multi-tenant facility or lease the entire space and sub lease what you don’t need. Lease purchase option available as well. Lease rate is below market rent. This facility is located in the North Magnolia District of Ocala, a new growth and redevelopment are for the City of Ocala. The current owner, Magnolia Bakery has been at this location for 48 years and is a well known location and has a built in audience. Limitless potential. The lot next door is owned by the City of Ocala and could be available to the new owners for expansion. Warehouse: 5524 SF, Office space above Warehouse: 200SF, Donut Shop 1800 SF, Kitchen 1984 SF, Dining/Restaurant Area: 2009 SF. (Measurements approximate, rent rate is based on 13,424 square ft).
| Space | Size | Space Use | Position | Available |
| 1st Floor | 13,424 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 13,424 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 13,424 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
One, two or three tenant opportunity. Option one is to lease the restaurant, currently the home of iconic Magnolia Bakery, who will be retiring. Full kitchen and dining/seating area. Option two includes the donut shop with all equipment ready to run again as a donut or coffee shop and option three is the large warehouse that has central AC and heat, 20 ft ceiling and 2000 SF of office space above the warehouse. This property is also for sale at the reduced price of $1,495,000 and can be turned into a multi-tenant facility or lease the entire space and sub lease what you don’t need. Lease purchase option available as well. Lease rate is below market rent. This facility is located in the North Magnolia District of Ocala, a new growth and redevelopment are for the City of Ocala. The current owner, Magnolia Bakery has been at this location for 48 years and is a well known location and has a built in audience. Limitless potential. The lot next door is owned by the City of Ocala and could be available to the new owners for expansion. Warehouse: 5524 SF, Office space above Warehouse: 200SF, Donut Shop 1800 SF, Kitchen 1984 SF, Dining/Restaurant Area: 2009 SF. (Measurements approximate, rent rate is based on 13,424 square ft).
PROPERTY TAXES
| Parcel Number | 25856-000-00 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $262,681 (2023) |
PROPERTY TAXES
-
Erin Freel -
Boyd Real Estate, LLC
Presented by
1412 N Magnolia Ave
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