5049 NW 191ST PLACE
Orange Lake, Florida, 32681, United States
-
ft²
2.75
acres
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beds
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baths
Property Provided By
- Elizabeth Roberts
- KELLER WILLIAMS CORNERSTONE RE
- +1 (352) 601-0438
Connect with local buyer agents who are willing to offer commission savings!
Property Information
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!
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 all locations.
Source Disclaimer
Listing Information © 2024 Stellar MLS. All Rights Reserved.
Courtesy of KELLER WILLIAMS CORNERSTONE RE lgilliesroberts@kw.com
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of 2024-12-21 05:30:25. 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.
Property Provided By
- Elizabeth Roberts
- KELLER WILLIAMS CORNERSTONE RE
- +1 (352) 601-0438
Connect with local buyer agents who are willing to offer commission savings!
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