$925,000
Active2396 N C 470, Lake Panasoffkee, FL 33538
3,568 sq ft
Listing courtesy of ERA GRIZZARD REAL ESTATE Β· MLS# G5106723
286 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
About this property
Redevelopment site or Commercial Income Opportunity, Zoned Heavy Commercial. Local Iconic 3,784+/- SF Restaurant & Bar with a 35-year history of proven success. Turn-key, ALL F, F & E is included. Inventory list attached. Property has 400β+/- Ft of Hwy frontage with superior visibility and easy access. Two adjoining buildings totaling 3,784+/- SF. Site is an assemblage of 4 parcels, totaling 1.73+/- acres. Zoned Sumter County CH, heavy commercial. Restaurant has gross sales of just under a million and currently only open 4 days a week serving lunch and dinner until 8:00 pm giving the restaurant immense $$ growth potential. Highly desirable CH zoning includes many other potential uses including professional office, medical, or retail. This Central Florida location is minutes off I-75 exit # 321 and The Villages and less than an hour from Orlando, Ocala, or Tampa. The Villages with over 150,000+ residents and still growing is the largest single site golf community in the United States bringing opportunities and growth to local established businesses in a blending of old and new and bringing explosive growth to the area. The restaurants small community is famous for Lake Panasoffkee and great fishing. Home to many tournaments Lake Panasoffkee ("Valley of Water") is a beautiful spring fed lake covering almost 4,460+/- acres offering year-round fishing and activities. Known for good food, good people, music, and corn hole tournaments plus potential redevelopment opportunities make this property a βwin-winβ for an experienced restaurant owner or redevelopment. Do not disturb this operating business or question its employees. Sale is confidential. Financial data is available with an executed CA / Confidentiality Agreement. Shown by appointment only with listing agent. Wall dΓ©cor and memorabilia do not convey. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. We have the keys to your opportunity in the sunshine state!!
Facts
- Property type
- Mixed Use
- Year built
- 1972
- Flood zone
- X
- Annual taxes
- $4,950/yr
- Listed
- Jan 13, 2026
- MLS #
- G5106723
Commercial details
Building & site
- Building size
- 3,784 SF
- Lot size
- 1.73 acres (88,000 SF)
- Zoning
- CH
- Road frontage
- County Road
- Buildings
- 2
Investor metrics
- Price per SF (MLS)
- $244.45/SF
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $1,200,000
- Price reduced to $925,000from $950,000
Virtual tour
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2396 N C 470, Lake Panasoffkee, FL 33538
Listing courtesy of ERA GRIZZARD REAL ESTATE Β· MLS# G5106723 Β· Active
Where this property is
Opens on aerial β on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
