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2396 N C 470, Lake Panasoffkee, Florida 33538

  • $990,000
  • $1,100,000
2396 N C 470, Lake Panasoffkee, FL 33538
Active For Sale Completed
2396 N C 470, Lake Panasoffkee, Florida 33538
2396 N C 470, Lake Panasoffkee, FL 33538
  • $990,000
  • $1,100,000

Overview

Property ID: HZG5115516
  • Mixed Use, Business Opportunity
  • Property Type
  • 3784
  • Sqft
  • 1972
  • Year Built

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!!

  • Address 2396 N C 470
  • City Lake Panasoffkee
  • State/county FL
  • Zip/Postal Code 33538
  • Country US

Details

Updated on September 2, 2026 at 2:18 pm
  • Property ID: HZG5115516
  • Price: $990,000
  • Property Size: 3784 Sqft
  • Land Area: 1.73 Acres
  • Year Built: 1972
  • Property Type: Mixed Use, Business Opportunity
  • Property Status: Active, For Sale

Additional details

  • Listing Terms: Cash, Commercial Financing
  • Roof: Metal
  • Utilities: Electricity Available
  • Cooling: Central Air, Zoned
  • County: Sumter
  • Property Type: Business Opportunity

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