Listing provided courtesy of GUS GALLOWAY REALTY INCas Distributed by MLSGrid- MLS# MFROM725110MLS Provider

1118 N MAGNOLIA AVENUEOCALA, FL 34475

Commercial · 45,345 Sq. ft. | 5.51 Acres
$4,500,000 Active

1118 N MAGNOLIA AVENUE Overview

Time on Site:
21 days
Visits:
0

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1118 N MAGNOLIA AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 45,345
  • Price/Sq.ft. $99
  • Lot 5.51 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1956

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 34475 - Ocala
  • Subdivision Name: ALLREDS ADD
  • Township: 15S

Rent/Lease Information

  • Lease Amount Frequency: Annually
  • Lease Term: Six or More Years
  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: 40364.79
  • Tax Year: 2025

General Information

  • Parcel Number: 2572-016-003
  • Property Sub Type: Industrial
  • Property Type: Commercial Lease
  • Zoning: M1

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 45345
  • Building Area Units: Square Feet

General Information

  • Cooling: Other
  • Foundation Details: Slab
  • Leasable Area: 45345
  • Living Area: 45345
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 1

Exterior

Lot Information

  • Additional Parcels Description: 2572-012-001
  • Additional Parcels: Yes
  • Lot Size Acres: 5.51
  • Lot Size Square Feet: 98010
  • Number Of Lots: 2
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block,Metal Frame,Metal Siding

General Information

  • Road Frontage Type: City Street

1118 N MAGNOLIA AVENUE Neighborhood

Community

34475 (OCALA) Demographics

36
Median Age
453
Population Density (per sq. mile)
16%
College Educated
$24,202
Estimated Median Income
1,967
Estimated Total Home Owners
2,803
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1118 N MAGNOLIA AVENUE Market Data

Based on the last 30 days in this zip code

$494,553
Average List Price
$263
Average Price per Square Foot
20
Properties Sold
115
Average Days on Market
103
Properties for Sale
Calculations provided by Reliance Network

1118 N MAGNOLIA AVENUE History

Date Event Value Agent
6/9/2026Source: My Florida Regional MLS Added to Database
June 09, 2026