1118 N MAGNOLIA AVENUE Ocala, FL $ 4,500,000
1118 N MAGNOLIA AVENUE
$ 4,500,000
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1118 N MAGNOLIA AVENUE

Ocala, FL, 34475
$ 4,500,000
Bedrooms-- Baths-- Sq 45,345
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Property for Rent in Ocala, FL

for $4,500,000. This 45,345 square foot property was built in 1956 on a lot size of 5.51.

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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Rental Active

Price

$ 4,500,000

Taxes

$ 40,364

Style

Industrial

Lot Size

5.51

Year Built

1956

Town/City

Ocala

County/Region

Marion

MLS | Web ID

OM725110

Features
General
Cooling Other
Zoning M1
Construction Materials Block Metal Frame Metal Siding
Year Built 1956
Tenant Pays Other - See Remarks
Property Subtype Industrial
Tax Year 2025
Additional Parcels Description 2572-012-001
County Marion
New Construction false
Property Type Commercial Lease
Subdivision Name ALLREDS ADD
Status Active
Directions From Downtow Ocala head N On NE 1st Ave Merge on to N Magnolia Ave. Property on the left.
City OCALA
MLS Area 34475 - Ocala
Lot Size Units Acres
Lot Size Square Feet 98010
Tax Annual Amount 40364.79
Ok to Lease 6 + Years
Additional Parcels Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Lease Amount Frequency Annually
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
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Total Stories 1
Air Conditioning Y/N true
Total Baths 0
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Exterior
Lot Size Area 2.25
Foundation Details Slab
Number of Buildings 3
Building Area Total 45345
Lot Size Acres 5.51
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type City Street
Number of Lots 2
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* Excluded Features
List By
Gus Galloway Realty Inc

Broker

nolan@gusgalloway.com

Email

Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2026$4,500,000 Listed Price

Map


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1118 N MAGNOLIA AVENUE, Ocala, FL, 34475 is a Property for Rent at $4,500,000 with 45,345 sqft and a lot size of 5.51. 1118 N MAGNOLIA AVENUE was built in 1956. The property's zip code is 34475 which is in Ocala, FL