108 N MAGNOLIA AVENUE #201 Ocala, FL
$ 125,000
Property Attributes
  • MLS#OM610506
  • TypeSingle Family
  • CountyMARION
  • CityOcala
  • AreaOcala
  • Zip34475
  • StyleOffice
  • Year Built1927
  • Taxes2484
  • Price$ 125,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1803
  • Lot Size0.58 Acres
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

Great investment and passive income opportunity! This renovated office condo in the Ocala Sovereign Building is right in the middle of the up and coming downtown district. Condo consists of a lobby, reception desk, conference room or large office, five additional offices, and a break room. Comparable rents in the downtown area range from $15-$24/square foot. Originally built in 1927 as the Marion Hotel, The Sovereign Building is the second tallest building in Ocala and one of the most unique. On the National Historic Register since 1980, this historic building hosts a coffee shop, a ballroom, and offices on the first floor surrounding the beautiful lobby. Come check it out today!

Price History
10/29/2020 Listed $145,000
12/8/2020 14% - $125,000

General Features

Accessibility Accessible Approach with Ramp, Accessible Common Area, Accessible Doors, Accessible Entrance
Building Features Bathrooms, Dumpsters, Elevator
Business Type Commercial, Professional/Office
Complex Development Name Ocala National Bank Building
Condo Environment Yn Yes
Construction Materials Concrete
Cooling Central Air
Flooring Laminate, Linoleum
Heating Central
Levels One
MLS Area 34475 - Ocala
Parking Features 6 to 12 Spaces
Property SubType Office
Property Type Commercial Sale
Sewer Public Sewer
Special Listing Conditions None
Status Active
Terms Cash, Conventional
Total Num Buildings 1
Township 15
Unit Number 201
Utilities Electrical Nearby, Phone Available, Water Connected
Year Built 1927

Interior Features

Living Area 1803.00
Numof Offices 7
Numof Restrooms 2

Exterior Features

Building Area Total 1803.00
Foundation Details Basement
Lot Size Acres 0.58
Lot Size Square Feet 25089
Road Frontage Type Business District


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 34475

AVG $580K
AVG $4,816
AVG 108
Year Built
AVG 1971

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