2396 N C 470, Lake Panasoffkee, FL 33538

$1,100,000
3,568
SqFt

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List Price
$1,100,000
Status
Active
Days on Market
3
MLS#
G5115516
Property Style
Mixed Use
Year Built
1972
Living Area
3,568
Lot Size
88,000
Acres
1.73
Total Acreage
1 to less than 2
MLS Area Major
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!!

Additional Information

Taxes Annual
$4949
Community Features
No Deed Restriction
Zoning
CH
Utilities
Electricity Available
Air Conditioning
Central Air, Zoned
Exterior Construction
Frame, Wood Siding
Roof
Metal
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
F32-017
Legal Description
BEG AT SW COR OF NE1/4 OF SW1/ 4 RUN E TO LINE OF HARD ROAD N/LY ALONG W SIDE OF ROAD 750 FT FOR BEG RUN W 220 FT NW/LY100 FT E 220 FT SE/LY TO BEG

Listing courtesy of ERA GRIZZARD REAL ESTATE. 352-787-6966

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