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Active · Single Family

1118 MAGNOLIA AVENUE

OCALA, FL 34475

Beds
Baths
Area
45,345 sqft
Single FamilyBuilt 195698,010 sqft lotOther$99.2/sqft69 days on market

About this home

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.

Facts & features

Interior

Living area
45,345 sqft
Cooling
Other
Stories
1

Exterior & lot

Lot size
98,010 sqft (5.51 ac)
Construction
Block, Metal Frame, Metal Siding

Financial

Annual tax
$40,365 (2025)
Price / sqft
$99.2/sqft

Property

Property type
Single Family
Year built
1956
Subdivision
ALLREDS ADD
County
Marion

Listing

Status
Active
Days on market
Today
MLS #
MFR791160539
Source
Stellar MLS

Listed by Nolan Galloway, III · GUS GALLOWAY REALTY INC

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQRENA ValiQ is an estimated value, blended from public sale comps, neighbourhood trend and this listing’s own metrics. It is a reference, not a guaranteed or asking price. The final number moves on diligence, terms and timing.Estimate

Sample estimate — not an appraisal

$4.70M
+4.4% vs asking
$4.43M low$4.97M high

Based on 30 comparable sales within 4 miles of OCALA, FL, this home is priced under RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$26,118/mo
Principal & interest
$22,754/mo
Property tax
$3,364/mo
Home insurance
$0/mo

Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.

Ask about this property

Answered from this listing’s own figures and the sales around it.

Price history

From the property’s MLS record.

DateEventPriceChange
Jun 9, 2026Listed$4,500,000

NeighbourhoodSample data

Reference scores for OCALA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.

Walk Score
71/ 100
Very walkable
Transit Score
72/ 100
Excellent transit
Bike Score
86/ 100
Very bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home

Location

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