Active
5049 NW 191ST PL
ORANGE LAKE FL, 32681
$1,800,000
$126.40 per sqft
Active
14,241 sqft
Commercial
Built in 1993
Located less than 10 minutes from I-75 and 30 minutes from Gainesville or Ocala, Georgie's Lakeside is a rare opportunity to purchase a
lakeside restaurant, bar, and vacation property in North Central Florida. This property has a remarkably authentic, local, old-town Florida classic charm. It is the perfect escape from urban centers and a potentially enjoyable project for the seasoned investor looking to
live Florida's kicked-back lifestyle while earning an income from its already-established amenities and reputation. Georgie's Lakeside is located
on Orange Lake, which spans between Marion and Alachua Counties, covers over 12,000 acres, ranges in depth from around 5' to 12', and is
one of North Central FL's largest lakes. Established in 1993, with B2 Zoning, the 2.75-acre parcel has 582 ft of waterfront, with an approx. 2,888 Sq Ft Restaurant & Bar (built in 1993), five 720 Sq Ft 1bd/1ba duplex efficiencies (built in 1962, roof replaced in 2018), 10 RV/MH pads, a 1,200 Sq Ft bait shop, and six boat slips. Georgie's bar holds a 4COP Liquor license; they have two pool tables, a dance floor and a stage, and a majestic view towards Orange Lake. The ten cabin units currently have full-time residents with month-to-month rent. Five of the RV/MH pads are presently in use, 3 with mobile homes on them, two with RVs on them, and the other five spaces are vacant. The old Bait, Ice & Tackle shop has been closed for several years, but revive it to its previous glory, add kayak or local boat rentals, and you've got another great income opportunity from this property. Well-established, with 313 reviews on Google, Georgie's already has a good reputation with locals and visitors, who love the laid-back, casual atmosphere, music, and fun time at Georgie's. The kitchen and bar come fully stocked and ready for the new owner's personal touch! Another huge plus for investment property, the Heagy-Burry Park, located directly between Georgie's Lakeside and the Sun Retreats Grand Lake RV Resort, is up for a $2M renovation mid 2024! Marion County has recognized Orange Lake as a great source of income revenue for its excellent Bass Fishing, air boating, duck hunting, bird watching, and other aquatic-oriented recreation. With the upscale RV resort directly to the south, this new renovation next door, and its convenient location between the sprawling growth of Ocala, and the protected natural resources of Orange Lake, Georgie's has a unique opportunity for economic growth while preserving its wild mystique and authentic charm. Call today to tour this remarkable property!
OM666140
MLSⓇ ID
October 18, 2023
Listed
November 22, 2024
Updated
Map
5049 NW 191ST PL
ORANGE LAKE FL, 32681
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
2.75 Acres
Roof
Metal
Other Property Details
Area Name
32681 - Orange Lake
Taxes
$10,517
Tax Frequency
Annually
Days on Market
363
Association Fee Frequency
Monthly
Garage
No
View
No
County
Marion
Municipality
12
Pool
No
Waterfront
Yes
Zoning
B-2
Listed by KELLER WILLIAMS CORNERSTONE RE
Listing Contact: 352-369-4044
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Data last updated 11/22/2024, 7:29 AM UTC