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Active Residential

1118 N MAGNOLIA AVENUE

Ocala, FL 34475

STELLAR #OM725110 Updated: Jun 9, 2026, 8:23pm
$4,500,000
0 Beds • 0 Baths • 45,345 SqFt
Property
ActiveResidential
1/60
$4,500,000

1118 N MAGNOLIA AVENUE

Ocala, FL 34475
0
Beds
0
Baths
45,345
SqFt
5.51
Acres
STELLAR
#OM725110
Updated: Jun 9, 2026, 8:23pm

Property Description

Positioned in a highly functional industrial corridor, 1118 & 1120 N Magnolia Ave along with 1100 NW 1st Ave in Ocala offer a rare opportunity to lease or purchase scalable industrial footprint in Ocala. The property consists of approximately ±45,345 SF across four buildings on ±5.5 acres, featuring a flexible mix of warehouse, office, retail space, and laydown yard. Three of the four buildings are fire supressed, and the office/retail components are fully climate-controlled to support administrative and operational needs.
The site is zoned M-1 (Light Industrial) and B-5 (Heavy Commercial), allowing for a wide range of uses including manufacturing, distribution, and outdoor storage. A key feature is the ±3.26-acre B-5 zoned laydown yard, providing ample space for equipment storage, fleet operations, or material stag-ing—an increasingly hard-to-find component in the Ocala market.
Strategically located with convenient access to major transportation routes, this asset presents a strong opportunity for businesses looking to establish or expand their presence in the Ocala industrial market.
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Property Details

Interior
Building Area Total
45345
Cooling
Other
Living Area
45345
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
BlockMetal FrameMetal Siding
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Stories Total
Yes
Year Built
1956
Site & Exterior
Flood Zone Code
AE
I D X Participation
Yes
Lot Size Acres
5.51
Lot Size Area
2.25
Lot Size Square Feet
98010
Lot Size Units
Acres
Number Of Lots
2
Public Survey Range
22E
Public Survey Section
07
Road Frontage Type
City Street
Road Surface Type
Paved
Total Acreage
5 to less than 10
Zoning
M1
Financials
Additional Parcels
Yes
Additional Parcels Description
2572-012-001
Calculated List Price By Calculated Sq Ft
99.24
Contract Status Change Date
2026-06-09
Current Price
375000
Existing Lease Type
NNN
Feed Types
BBO
Lease Amount
375000
Lease Amount Frequency
Annually
Lease Term
6 + Years
Owner Name
1120 N MAGNOLIA OWNER LLC
Owner Pays
Other
Parcel Number
2572016003
Public Survey Township
15S
Tax Annual Amount
40364.79
Tax Block
K
Tax Book Number
A-074ALLREDS
Tax Legal Description
SEC 07 TWP 15 RGE 22 PLAT BOOK A PAGE 074 ALLREDS ADD OCALA BLK K LOTS 2 & ALL OF FL CENTRAL LAND CO SUB OF LOT 1 & BLK P LOTS 3.4 LYING SLY OF THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK & THAT PORTION OF GRANT ST LYING BETWEEN THE N BNDY OF LOTS 1.2 BLK K & THE S BNDY OF LOTS 3.4 BLK P & SLY OF THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK & EXC RD ROW FOR N MAGNOLIA AVE ALL BEING MORE PARTICULARLY DESC: BEGIN AT THE SW COR OF LOT 2 BLK K TH N 289.20 FT TO THE INT ERSECTION WITH THE SLY ROW LINE OF THE SEABOARD COASTLINE RR CO SPUR TRACK PT BEING ON A CURVE CONCAVE SLY & A CENTRAL ANGEL OF 15-24-12 & A RADIUS OF 358.55 FT TH ELY ALONG THE ARC 96.39 FT (CHORD BEARING & DISTANCE OF N 83-01-53 E 96.10 FT) TO A
Tax Lot
2
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34475 - Ocala
Subdivision Name
ALLREDS ADD
Listing provided courtesy of STELLAR via IDX. Updated: Jun 9, 2026, 8:23pm.
Nolan Galloway, III

Listing Agent

GUS GALLOWAY REALTY INC

Call Agent
Call