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2396 N C 470

Lake Panasoffkee, FL 33538
  • $990,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: G5115516
UPDATED: 32 min ago
$990,000
  • 0
    BEDS
  • 1.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,568
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1972
County:

School Ratings & Info

Description

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 “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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© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-09-16T11:45:33.707.
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2396 N C 470 Lake Panasoffkee, FL 33538

  • Price: $990,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 32 min ago
  • MLS #: G5115516
0
Beds
0
Baths
0
½ Baths
1.73
Acres
3,568
SQFT
$277
$/SQFT
1972
Built
Neighborhood:
Lake Panasoffkee
County:
Sumter
Area:
Lake Panasoffkee
Property Description
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 “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!!
Exterior Features

Construction Materials Wood FrameWood Siding Foundation Details Slab Lot Size Dimensions 400 x 220 Road Frontage Type County Road Road Surface Type Paved Roof Metal Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Yn No

Interior Features

Building Area Total 3784 Cooling Central AirZoned Cooling YN Yes Freezer Space Yn Yes

Property Features

Additional Parcels YN Yes Business Opportunity With Real Estate YN Yes Business Type Bar/Tavern/LoungeCommercialRestaurant Converted Residence Yn No Flood Zone Code X Listing Terms Cash New Construction Yn No Ownership Sole Proprietor Property Condition Completed Property Sub Type Mixed Use Special Listing Conditions None Tax Annual Amount 4949.88 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity Available Zoning CH


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of ERA GRIZZARD REAL ESTATE: 352-787-6966.



© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-09-16T11:45:33.707.
 
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