$4,500,000
1118 Magnolia Avenue
Ocala, FL 34475
Listing updated: June 9, 2026 at 5:48 PM ET
Listing courtesy of Gus Galloway Realty Inc · Nolan Galloway, III · MLS #OM725110 · Active · 352-622-8127Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveJun 9, 2026
- Listed$4,500,000Jun 9, 2026
- Price increased$4,500,000
Facts & features
- Property type
- Commercial Lease
- Sub type
- Industrial
- Status
- Active
- Days on market
- 0
- Cumulative DOM
- 546
- Subdivision
- Allreds Add
- County
- Marion
- Year built
- 1956
- Living area
- 45,345 sq ft
- Price/sq ft
- $99
- Lot size
- 98,010 sq ft
- Lot category
- 5 to less than 10
- Flood zone
- AE (12083C0509E)
- Annual taxes
- $40,365 (2025)
- Parcel #
- 2572-016-003
- Zoning
- M1
- MLS #
- OM725110
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Heating & Cooling
- Cooling
- Other
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
Exterior & Construction
- Construction materials
- Block, Metal Frame, Metal Siding
- Foundation
- Slab
- Road surface
- Paved
Listing Details
- Listing date
- 2026-06-09
- On market date
- 2026-06-09
- Original list price
- $4,500,000
- MLS area
- 34475 - Ocala
- Listing AOR
- Ocala - Marion
- Status changed
- 2026-06-09
- 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
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Downtow Ocala head N On NE 1st Ave Merge on to N Magnolia Ave. Property on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 9, 2026 at 5:48 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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