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$925,000

Active

2396 N C 470, Lake Panasoffkee, FL 33538

3,568 sq ft

Listing courtesy of ERA GRIZZARD REAL ESTATE Β· MLS# G5115516

96 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Commercial Income Opportunity, Zoned Heavy Commercial or Redevelopment. 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 400’+/- 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 β€œwin-win” 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
Jul 24, 2026
MLS #
G5115516

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

  1. Listed for $1,100,000
  2. Price reduced to $925,000from $950,000

Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

2396 N C 470, Lake Panasoffkee, FL 33538

Listing courtesy of ERA GRIZZARD REAL ESTATE Β· MLS# G5115516 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

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.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 11:31 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]