120 Georgetown Landing RdGeorgetown, FL 32139

Property Details for 120 Georgetown Landing Rd

Year built

1958

Construction

WOOD

Lot size

2.03 AC

Property size (Sq ft)

1,833 SF

Property type

Mobile home & RV parks

Property subtype

Campgrounds

APN

41-13-26-0000-025.0-000.0

APU

411326000002500000

Description

This exceptional turn-key investment opportunity in Georgetown, Florida, presents a unique blend of hospitality businesses. The property, built in 1958 and extensively renovated in 2022, encompasses 10,019 square feet and offers multiple income streams. Fifteen beautifully appointed guest rooms comprise the hotel component, while a thriving marina features 36 covered wet slips, direct ramp access, transient dock space, and rental opportunities. The on-site bar and grill boasts both indoor and outdoor seating, an expansive bar area, and an entertainment stage with multiple media displays, creating an ultimate dining experience. The restaurant's floor plan is well-suited for large group parties and events. The property enjoys direct river access to Lake George and nearby springs, providing a one-of-a-kind waterfront dining experience. A 6COP retail beverage license is included. The asking price is $2,400,000. All offers are being considered. This property is located at 120 Georgetown Landing Rd, Georgetown, FL 32139, in Putnam County.

• CAP approach

  CAP return

  Valuation

  6%

  $388,713

  6.5%

  $358,812

  7%

  $333,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,398

  Geo Method

  $292,398

• Alternative Use

  Use

  Valuation

  Residential

  $358,812

  Hospitality

  $328,670

  Educational

  $273,449

  Medical

  $282,854

  Retail

  $425,366

Location Insight

City

Georgetown

County

Putnam

State

Florida

Latitude

29.3875

Longitude

-81.6401

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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