New opportunity to own an updated and renovated commercial property in the North Magnolia Business District just a couple of minutes down the street from booming Downtown Ocala! This property sits on just under an acre with B5 zoning, two buildings, and plenty of access/road frontage. The parking lot has been recently re-surfaced and striped. Both buildings have been freshly painted on the exterior. The main building showcases epoxy flooring and galvalume ceiling with spray foam insulation in the front portion, as well as fully updated offices and bathrooms, three automatic roll up doors, and is over 8,000sqft under roof. The secondary building has one office, two bathrooms, and over 3,000sqft under roof with a rear roll up door that leads to the connecting fenced in courtyard area. It also features a security roll up in front of the street storefront doors. The entire second building is climate controlled and makes for a great rental investment option. Endless opportunities and potential with this property!
818 NORTH MAGNOLIA AVE, Ocala, FL, 34475
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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