Waterfront
Address
5049 NW 191st PLACE, ORANGE LAKE, FL
Price
$ 1,800,000
Property Attributes
- MLS#OM666140
- TypeCommercial
- CountyMARION
- CityORANGE LAKE
- AreaOrange Lake
- Zip32681
- StyleMixed Use
- Year Built1993
- Taxes$ 10517
- Price$ 1,800,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage14241
- Lot Size2.78 Acres
Data Source:
Stellar MLS
Property 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!
| Price History | |
|---|---|
| 10/18/2023 | Listed $199,999 |
General Features
| Cooling | Central Air,Wall/Window Unit(s) |
|---|---|
| Roof | Metal |
| Zoning | B-2 |
| Construction Materials | Block |
| Year Built | 1993 |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Corporation |
| Waterfront Features | Canal - Freshwater,Lake |
| County | Marion |
| New Construction | No |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | 441 North to 301 split,continue on 441 North to NW 191 Place. Turn right onto NW 191 Place and proceed property will be approximately 7 miles on the Left. GPS will provide accurate directions from al |
| City | ORANGE LAKE |
| Buyer Agent Compensation | 2.5% |
| Body of Water | Orange Lake |
| MLS Area | 32681 - Orange Lake |
| Lot Size Square Feet | 119790 |
| Waterfront Y/N | Yes |
| Street Name | 191st |
| Listing Terms | Cash |
| Tax Annual Amount | 10517.2 |
| Public Remarks | 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 |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/OM666140 |
| Days on Market | 203 |
| Standard Status | Active |
| Tax Lot | 1,2,3,4 |
| Legal Description | SEC 21 TWP 12 RGE 21 Plat Book A Page 42A Lochbie Orange Lake BLK 20 Lots 1,2,3,4 & all of BLK 19 & part of Beach Street & part of Cypress Street,that lies to the E & N sides of Blk 20 as per plat of |
| Water View | Canal,Lake,Lake - Chain of Lakes |
| Water Access Type | Lake,Lake - Chain of Lakes |
| Water Access Y/N | Yes |
| Water View Y/N | Yes |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Street Suffix | PLACE |
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 2.75 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 9 |
| Building Area Total | 14241 |
| Lot Size Acres | 2.78 |
| Road Surface Type | Asphalt |
| Lot Size Units | Acres |
| Road Frontage Type | County Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32681
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 14, 2024 7:18 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
