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$950,000

0 Beds 0 Baths 3,568 SQFT 1.73 Acres
Type: Commercial

2396 N C 470
LAKE PANASOFFKEE, FL 33538

MLS#: G5106723
Keith Archer
Keith Archer
The Real Estate Advantage
Phone: 720.470.0825
Office: 763.755.1100
Presented by: ERA GRIZZARD REAL ESTATE with 352-787-6966. - 352-787-6966

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!!


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

Air Conditioning Y/NYes

General

Additional Parcels DescriptionF32-016, F32-018 & F32-019
Additional Parcels Y/NYes
Building Area Units0 sqft
CityLAKE PANASOFFKEE
Construction MaterialsWood Frame, Wood Siding
CoolingCentral Air, Zoned
CountySumter
DirectionsWildwood, go South on I-75, to right on CR 470 property will be on the left
DockY/NNo
Flood Zone CodeX
Flood Zone Code XY
Legal DescriptionBEG 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
Listing TermsCash
Living Area Units0 sqft
Lot Size Square Feet88,000 sqft
Lot Size UnitsAcres
MLS Area33538 - Lake Panasoffkee
New ConstructionNo
OwnershipSole Proprietor
Property ConditionCompleted
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofMetal
Standard StatusActive
StatusActive
Tax Annual Amount$4,950
Tax Lot00
Tax Year2025
UtilitiesElectricity Available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1972
ZoningCH

Exterior

Building Area Total3,784 sqft
Foundation DetailsSlab
Lot Dimensions400 x 220
Lot Size Acres1.73
Lot Size Area2 sqft
Number of Buildings2
Number of Lots4
Road Frontage TypeCounty Road
Road Surface TypePaved
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$950,000

0 Beds 0 Baths 3,568 SQFT 1.73 Acres
Type: Commercial

2396 N C 470
LAKE PANASOFFKEE, FL 33538

MLS#: G5106723
Keith Archer
Keith Archer
The Real Estate Advantage
Phone: 720.470.0825
Office: 763.755.1100