12500 STATE ROAD 33 Groveland, FL $ 2,000,000
12500 STATE ROAD 33
$ 2,000,000
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12500 STATE ROAD 33

Groveland, FL, 34736
$ 2,000,000
Bedrooms-- Baths-- Sq 2,346

Monthly Estimate*

$ 12,477

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Commercial Property for sale in Groveland, FL

for $2,000,000. This 2,346 square foot building was built in 1964 on a lot size of 9.29.

--9+ Acres of Prime Commercial Land with Income-Producing Restaurant-- This offering combines a rare large corner parcel in Groveland with an established business already in place. Located on State Road 33, just minutes from major Central Florida growth corridors, this 9+ acre property provides a unique opportunity for investors and developers seeking land with built-in income potential. The site currently operates as the Red Wing Restaurant, a well-known local landmark. The building features indoor seating plus an outdoor screened banquet enclosure, supporting private parties and group events. The restaurant delivers ongoing cash flow and immediate use, yet its actual value is in the property’s scale and versatility. With over 9 acres available, future possibilities include: Restaurant expansion to capture regional demand, Development of a large barn or event venue for weddings and gatherings, A farm-to-table hospitality concept that leverages the acreage, Alternative commercial, hospitality, or mixed-use projects benefiting from strong area growth. As Lake County continues to see rapid residential and commercial expansion, parcels of this size are becoming increasingly scarce. This property provides the best of both worlds: an operating business today and a development play for tomorrow.

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 4,746

Style

Restaurant

Lot Size

9.29

Year Built

1964

Town/City

Groveland

County/Region

Lake

MLS | Web ID

O6347931

Features
General
Sewer Septic Tank
Heating Central Heat Pump Zoned
Cooling Central Air Zoned
Utilities Phone Available Private
Roof Membrane Shingle
Appliances Dishwasher Microwave Refrigerator
Zoning CP
Security Features Closed Circuit Camera(s)
Construction Materials Block Stone Stucco
Year Built 1964
Electric 200+ Amp Service
Property Subtype Restaurant
Tax Year 2024
Ownership Corporation
Accessibility Accessible Doors Accessible Entrance Visitor Bathroom
Additional Parcels Description 01-22-24-5100-037-00001 01-22-24-5100-037-00000
County Lake
New Construction false
Property Type Commercial Sale
Energy Efficient Thermostat Water Heater
Subdivision Name EDGES SUB
Facing Direction Southwest
Building Features Bathrooms Extra Storage Fencing Furnished Kitchen Facility Outside Storage Seating
Other Structures Other Outbuilding
Status Active
Directions 50W to Groveland. Turn Left onto State Road 33. Follow down 2 miles the property is on the Right.
City GROVELAND
MLS Area 34736 - Groveland
Lot Size Units Acres
Lot Size Square Feet 404909
Listing Terms Cash Conventional
Tax Annual Amount 4746
Additional Parcels Y/N true
Virtual Tour https://my.matterport.com/show/?m=24u8XKXXyKt&mls=1
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 20
Legal Description EDGE'S SUB LOT 20 PB 4 PG 37 ORB 3255 PG 1956 ORB 3315 PG 245
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Flooring Ceramic Tile Porcelain Tile Slate
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Total Baths 0
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Exterior
Vegetation Mature Landscaping Oak Trees
Parking Features Deeded Ground Level Over 30 Spaces RV Parking
Lot Features Corner Lot Street Lights
Water Source Well
Lot Size Area 9.2954
Foundation Details Slab
Number of Buildings 4
Building Area Total 3066
Lot Dimensions 716 x 724 x 651 x 480
Lot Size Acres 9.29
Road Surface Type Asphalt Paved
Waterfront Y/N false
Number of Separate Electric Meters 1
Road Frontage Type Street Lights City Street State Road
Number of Lots 3
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Century 21 Carioti

Broker

David@DavidDorman.com

Email

Affordability Calculator

$12,873
Per Month
97%
3%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
$396
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$2,000,000 Listed Price

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12500 STATE ROAD 33, Groveland, FL, 34736 is a Commercial Property for sale at $2,000,000 with 2,346 sqft and a lot size of 9.29. 12500 STATE ROAD 33 was built in 1964. The property's zip code is 34736 which is in Groveland, FL