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Julie Griffin
REALTOR®
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2396 N C 470 , Lake Panasoffkee, FL 33538

$1,100,000
  • 2396 N C 470 , Lake Panasoffkee, FL 33538 Main Photo

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New to the Market Active
SQUARE FEET3,784 MLS#G5115516
STATUSActive PROPERTY TYPECommercial -

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!!

2396 N C 470 | MLS# G5115516

This commercial property located at 2396 N C 470 , Lake Panasoffkee, FL 33538 is currently listed for sale with an asking price of $1,100,000. Search Lake Panasoffkee real estate on jgriffin.floridaexecutiverealty.com today.

Property Features

Property Type: Commercial -
Cooling: Central Air, Zoned
Lot Size: 1.73 Acres
Roof Type: Metal
Taxes: $4,949
Year Built: 1972

Feature Descriptions

Exterior: Frame, Wood Siding
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot Dimensions: 1.73
Ownership: Sole Proprietor
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Sale Includes: Building(s) and Land, Furniture/Fixtures
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: Electricity Available
Water Access Y/N: No
Zoning: CH

Listed By / Shown By

Listed By

Agency Name: ERA GRIZZARD REAL ESTATE
Agency Contact: 352-787-6966

Shown By

Agent Name: Julie Griffin
Agent Phone:
Agency Title: Florida Executive Realty

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/24/2026. The listing information on this page last changed on 07/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/24/2026 12:01:21 AM EST) or Stellar MLS (last updated Thu 07/23/2026 11:44:41 PM EST). Real estate listings held by brokerage firms other than Florida Executive Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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