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$350,000

0 Beds 0 Baths 807 SQFT 0.15 Acres
Type: Commercial

503 PALMETTO STREET
EUSTIS, FL 32726

MLS#: G5112936
Melissa Noyes
Melissa Noyes
The Real Estate Advantage
Phone: 952.457.0556
Office: 952.226.7700
Presented by: RE/MAX PREMIER REALTY with 352-735-4060. - 352-735-4060

Property Description

 

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! .


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NNo
FlooringConcrete, Tile
Heating Y/NYes
Window FeaturesDisplay Window(s)

General

Additional Parcels Description12-19-26-1300-00E-00000, 12-19-26-3100-00D-00000
Additional Parcels Y/NYes
Building Area Units0 sqft
Building FeaturesBathrooms
CityEUSTIS
Construction MaterialsBlock
CoolingNone
CountyLake
DirectionsFrom E. Orange Ave, turn North onto Glover St., turn West onto Bates Ave, property is on the corner of E. Bates Ave AND Palmetto St.
Flood Zone CodeX
Flood Zone Code XY
HeatingNatural Gas
Legal DescriptionEUSTIS HOGAN'S SUB FROM SE COR BLK E RUN N ALONG E LINE OF SAID BLK E 723.09 FT FOR POB CONT N ALONG SAME LINE 92.01 FT TO A POINT THAT IS 120.81 FT S OF MOST N'LY COR BLK E W 60.4 FT TO NW'LY LINE BLK E SW'LY ALONG NW'LY LINE BLK E 55.78 FT S 63DEG 54MIN 30SEC E 52.5 FT S 3 FT S 63DEG 54MIN 30SEC E TO E LINE BLK E N TO POB PB 2 PG 33 ORB 773 PG 2459
LevelsOne
Listing TermsCash
Living Area Units0 sqft
Lot Size Square Feet6,717 sqft
Lot Size UnitsSquare Feet
MLS Area32726 - Eustis
New ConstructionNo
Other StructuresStorage
OwnershipFee Simple
PossessionClose Of Escrow
Property SubtypeRestaurant
Property TypeCommercial Sale
RoofMetal
SewerPublic Sewer
Standard StatusActive Under Contract
StatusPending
Subdivision NameEUSTIS HOGANS SUB
Tax Annual Amount$1,826
Tax Lot0
Tax Year2025
UtilitiesElectricity Available, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1970
ZoningMCR

Exterior

Building Area Total1,659 sqft
Foundation DetailsSlab
Lot Size Acres0.15
Lot Size Area6,717 sqft
Number of Buildings2
Number of Lots3
Parking FeaturesGround Level
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved
Water SourcePublic
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

  

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$350,000

0 Beds 0 Baths 807 SQFT 0.15 Acres
Type: Commercial

503 PALMETTO STREET
EUSTIS, FL 32726

MLS#: G5112936
Melissa Noyes
Melissa Noyes
The Real Estate Advantage
Phone: 952.457.0556
Office: 952.226.7700