5049 NW 191st PLACE
Orange Lake, FL, 32681 $ 1,800,000
Baths0.0 Sq 14,241 Monthly Estimate*
$ 11,963
Studio
for $1,800,000. This 14,241 square foot building was built in 1993 on a lot size of 2.78.
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!
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FeaturesGeneralCooling 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
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ExteriorLot 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
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InteriorAir Conditioning Y/N Yes
Street Suffix PLACE
Total Baths 0
Living Area Units Square Feet
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* Excluded FeaturesList ByKeller Williams Cornerstone ReBroker
lgilliesroberts@kw.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,963
- Monthly Property Taxes
- $876
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Orange Lake, FL
Average List Price $1,800,000
Percent of Sale Price 0%
About Orange Lake, FL 121 Population
-2% Since 2002
$ 31,651 Median Income
49.67 Median Age
7% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/18/2023 | $199,999 | | Listed Price |