Property
ActiveCommercial
1/49
$1,100,000

2396 N C 470

Lake Panasoffkee, FL 33538
0
Beds
0
Baths
3,568
SqFt
1.73
Acres
STELLAR
#G5106723
Updated: Jun 30, 2026, 12:08pm

Property Description

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 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 “win-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 décor 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!!
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Property Details

Interior
Building Area Total
3784
Cooling
Central AirZoned
Living Area
3568
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Wood FrameWood Siding
Foundation Details
Slab
Living Area Units
Square Feet
Property Condition
Completed
Roof
Metal
Year Built
1972
Site & Exterior
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
1.73
Lot Size Area
2.0202
Lot Size Dimensions
400 x 220
Lot Size Square Feet
88000
Lot Size Units
Acres
Number Of Lots
4
Public Survey Range
22E
Public Survey Section
32
Road Frontage Type
County Road
Road Surface Type
Paved
Total Acreage
1 to less than 2
Utilities
Electricity Available
Zoning
CH
Financials
Additional Parcels
Yes
Additional Parcels Description
F32-016, F32-018 & F32-019
Calculated List Price By Calculated Sq Ft
290.7
Contract Status Change Date
2026-01-15
Current Price
1100000
Feed Types
BBO
Owner Name
OWNER OF RECORD
Ownership
Sole Proprietor
Parcel Number
F32017
Public Survey Township
19S
Tax Annual Amount
4949.88
Tax Block
00
Tax Book Number
00/00
Tax Legal Description
BEG AT SW COR OF NE1/4 OF SW1/ 4 RUN E TO LINE OF HARD ROAD N/LY ALONG W SIDE OF ROAD 750 FT FOR BEG RUN W 220 FT NW/LY100 FT E 220 FT SE/LY TO BEG
Tax Lot
00
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33538 - Lake Panasoffkee
Listing provided courtesy of STELLAR via IDX. Updated: Jun 30, 2026, 12:08pm.
Mona Jodray

Listing Agent

ERA GRIZZARD REAL ESTATE

Call Agent