Listing ID: OM610506
Sold For: $145,000
Status: Closed
Sold Date: 1/11/2022
Address: 108 N Magnolia Avenue 201
Unit Number: 201
City: Ocala
State: Florida
Postal Code: 34475
SqFt: 1,803
Acres: 0.580
County: Marion
Ocala
FL
34475
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!
Primary Features
County:
Marion
Property Sub Type:
Office
Property Type:
Commercial Sale
Year Built:
1927
Interior
Building Area Units:
Square Feet
Building Features:
Bathrooms,Dumpsters,Elevator
Cooling Type:
Central Air
Flooring:
Laminate, Linoleum
Heating Type:
Central
Levels:
One
Living Area Meters:
167.50
Number of Offices:
7
Number of Restrooms:
2
External
Construction Materials:
Concrete
Foundation Details:
Basement
Lot Size SqFt:
25089
Lot Size Square Meters:
2331
Parking Features:
Parking Spaces - 6 to 12
Property Condition:
Under Renovation
Road Frontage Type:
Business District
Road Surface Type:
Asphalt
Sewer:
Public Sewer
Total Acreage:
1/2 to less than 1
Total Number of Buildings:
1
Utilities:
Electrical Nearby, Phone Available, Water Connected
Water Access:
no
Water Extras:
no
Water View:
no
Waterfront:
no
Location
Building Area Source:
Public Records
Building Area Total:
1803
Complex Development Name:
Ocala National Bank Building
Country:
US
Flood Zone Code:
X
MLS Area Major:
34475 - Ocala
Township:
15
Financial
Com Transaction Type:
Commercial Sale
Condo Fees:
600
Condo Fees Term:
Monthly
Current Price:
145000.00
Disclosures:
Condominium Disclosure Available
Leasable Area:
1803
Listing Terms:
Cash, Conventional
Monthly Condo Fee Amount:
600
Sale Includes:
Other
Special Listing Conditions:
None
Tax Annual Amount:
2484.44
Tax Block:
43
Tax Book Number:
E/001
Tax Lot:
3, 4
Tax Year:
2019
Total Annual Fees:
7200.00
Total Monthly Fees:
600.00
Zoning Info
Listing information ©My Florida Regional MLS DBA Stellar MLS 2024. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties displayed may be listed or sold by various participants in the MLS. Data last updated on Tuesday, April 16th, 2024 at 06:07:40 AM.
Data services provided by IDX Broker
