$126.40 Per Sq Foot $9,663 est/mo Sourced by Back At You

5049 NW 191st Pl,ORANGE LAKE, FL 32681

ORANGE LAKE FL, 32681

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Description

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!

Details

MLS#OM666140
Listing TypeFor Sale
StyleMixed Use
Sub-TypeFor-sale
StatusActive
Year1993
Days On Site279
Listing Provided ByKELLER WILLIAMS CORNERSTONE RE | Elizabeth Roberts
Buying Commision2.5%

Features

SQ Feet14,241
ZoningB-2
Acreage2.78
Water FrontYes

Market Activity 32681

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 23, 2024 at 6:51:38 AM PDT 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. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyMarion
CityORANGE LAKE
Zip Code32681
Area32681 Orange Lake
Listing VS Median (in 32681)
Price:
$1,800,000
low | high
Med:
$1,225,000
81.944444444444% of Average
SqFt:
14,241
low | high
Med:
12,637
61.263253984973% of Average
$ / SqFt:
$126
low | high
Med:
$93
76.694537599323% of Average
On Site:
279
low | high
Med:
887.000000
31.454340473506% of Average
Sourced by Back At You
Listing Updated: July 7, 2024 at 4:44:39 PM PDT