$350,000
Active Under Contract503 Palmetto St, Eustis, FL 32726
807 sq ft
Listing courtesy of RE/MAX PREMIER REALTY Β· MLS# G5112936
119 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
About this property
Under contract-accepting backup offers. INVESTOR OPPORTUNITY! Explore the potential of this unique commercial property located in a DESIGNATED OPPORTUNITY ZONE. A rare opportunity to own a 3 PARCELS totaling approximately 5 ACRES situated on the corner of Palmetto Street and E. Bates Avenue., priced at $350,000 for ALL 3 parcels!! The site includes the original barbecue restaurant and pits, along with a spacious picnic pavilion that has hosted countless family gatherings, community events, and outdoor dining experiences over the years. 2 Parcels are zoned MCR - 3rd parcel (4.1 acres) is zoned Urban Residential. This is a great business opportunity - Endless possibilities await! With excellent visibility, ample space, and strong community recognition, the possibilities are endless. Revive the legendary barbecue stand, create a new restaurant or entertainment venue, establish a catering headquarters, or explore redevelopment opportunities. This landmark property offers the rare combination of location, acreage, and local heritage that is difficult to find. Bring your vision and capitalize on the legacy of a long-standing community favorite. Additional parcels being sold together with this property: 12-19-26-1300-00E-00000, 12-19-26-3100-00D-00000 Call me today for your private tour! .
Facts
- Property type
- Restaurant
- Year built
- 1970
- Flood zone
- X
- Annual taxes
- $1,826/yr
- Listed
- May 27, 2026
- MLS #
- G5112936
Commercial details
Building & site
- Building size
- 1,659 SF
- Lot size
- 0.15 acres (6,717 SF)
- Zoning
- MCR
- Road frontage
- City Street
- Buildings
- 2
- Building features
- Bathrooms
Investor metrics
- Price per SF (MLS)
- $210.97/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 $385,000
- Price reduced to $350,000
- Status changed to Active Under Contract
Virtual tour
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503 Palmetto St, Eustis, FL 32726
Listing courtesy of RE/MAX PREMIER REALTY Β· MLS# G5112936 Β· Active Under Contract
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.



