5049 Northwest 191st Place
$1,800,000
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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...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!
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...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!
- Listed by Elizabeth Roberts • KELLER WILLIAMS CORNERSTONE RE
- Listed by Julie Beck • KELLER WILLIAMS CORNERSTONE RE
Property Details for 5049 Northwest 191st Place
Township
12
WaterfrontYes
Water ViewCanal, Lake, Lake - Chain of Lakes
LISTING UPDATED: 10/17/2024 12:45 PM
Property Details for 5049 Northwest 191st Place
Status | Active |
---|---|
MLS # | OM666140 |
Days on Market | 385 |
Taxes | $10,517 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1993 |
Lot Size | 2.75 AC / 119,790 SF |
County | Marion County |
Building Information for 5049 Northwest 191st Place
Stories-Residences-Year Built1993Lot Size2.75 AC / 119,790 SF
Property Information for 5049 Northwest 191st Place
Property History for 5049 Northwest 191st Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5049 Northwest 191st Place
Taxable ValueLand$149,738Additions$321,612Total$471,350
Tax Record2023$11,422 ($952 / month)
Home Facts
Baths16.5Total Finished SqFt2,888 SqFtAbove Grade Finished SqFt2,888 SqFtStories1Lot Size119,790 SqFtStyleMiscellaneous CommercialYear Built1993Year Renovated2002ZoningB2CountyMARIONAPN02908-000-00
Schools near 5049 Northwest 191st Place
This home is within Marion.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
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Reddick-Collier Elementary School PublicPK to 5 | ||
North Marion Middle School Public6 to 8 | ||
North Marion High School Public9 to 12 | ||
Mcintosh Area School CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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