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Steve Goldman
Team Foldes | CPC
REALTOR®
$1,100,000

2396 N C 470 Lake Panasoffkee, FL 33538 Commercial - Active

  • 2396 N C 470, Lake Panasoffkee, FL 33538 Main Photo

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Description

Reduced !! Wonderful Offering!! 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. The restaurant is two adjoining buildings totaling 3,784+/- SF. Site is an assemblage of 4 parcels, totaling 1.73+/- acres. Zoned Sumter County CH, heavy commercial. With a gross sales of just under a million and currently open 4 days a week serving lunch and dinner until 8:00 pm give the restaurant immense $$ growth potential. This highly desirable zoning includes many other potential uses including professional office, medical, or retail. This Central Florida location is minutes off I-75 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. 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 development 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 d?cor and memorabilia does 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!!

Property Highlights

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

General Information

County: Sumter
Listed By:
Mona Jodray ERA GRIZZARD REAL ESTATE 352-787-6966

Property Features

Days on Site: 128
Directions: Wildwood, go South on I-75, to right on CR 470 property will be on the left
Exterior: Frame, Wood Siding
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash
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: Appointment Only, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: Electricity Available
Water Access Y/N: No
Zoning: CH
$1,100,000
Active
BEDS0 BATHS SQUARE FEET3,784 MLS#G5106723
STATUSActive PROPERTY TYPECommercial -

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2396 N C 470, Lake Panasoffkee, FL 33538.

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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 05/24/2026. The listing information on this page last changed on 05/24/2026. 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 Sun 05/24/2026 12:00:33 AM EST) or Stellar MLS (last updated Sat 05/23/2026 11:44:13 PM EST). Real estate listings held by brokerage firms other than Wagner 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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