2396 N C 470 Lake Panasoffkee, FL $ 1,200,000
2396 N C 470
$ 1,200,000
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2396 N C 470

Lake Panasoffkee, FL, 33538
$ 1,200,000
Bedrooms-- Baths-- Sq 3,568

Monthly Estimate*

$ 7,389

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Commercial Property for sale in Lake Panasoffkee, FL

for $1,200,000. This 3,568 square foot building was built in 1972 on a lot size of 1.73.

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 décor 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!!

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 4,949

Style

Mixed Use

Lot Size

1.73

Year Built

1972

Town/City

Lake Panasoffkee

County/Region

Sumter

MLS | Web ID

G5106723

Features
General
Cooling Central Air Zoned
Utilities Electricity Available
Roof Metal
Zoning CH
Construction Materials Wood Frame Wood Siding
Year Built 1972
Property Subtype Mixed Use
Tax Year 2025
Ownership Sole Proprietor
Additional Parcels Description F32-016 F32-018 & F32-019
County Sumter
New Construction false
Property Type Commercial Sale
Status Active
Directions Wildwood go South on I-75 to right on CR 470 property will be on the left
City LAKE PANASOFFKEE
MLS Area 33538 - Lake Panasoffkee
Lot Size Units Acres
Lot Size Square Feet 88000
Listing Terms Cash
Tax Annual Amount 4949.88
Property Condition Completed
Additional Parcels Y/N true
Virtual Tour https://wise-real-estate-photography.aryeo.com/sites/qnnoplk/unbranded
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 00
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
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Air Conditioning Y/N true
Total Baths 0
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Exterior
Lot Size Area 2.0202
Foundation Details Slab
Number of Buildings 2
Building Area Total 3784
Lot Dimensions 400 x 220
Lot Size Acres 1.73
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type County Road
Number of Lots 4
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* Excluded Features
List By
Era Grizzard Real Estate

Broker

ljodray@eragrizzard.com

Email

Affordability Calculator

$7,801
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$412
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/15/2026$1,200,000 Listed Price

Map


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2396 N C 470, Lake Panasoffkee, FL, 33538 is a Commercial Property for sale at $1,200,000 with 3,568 sqft and a lot size of 1.73. 2396 N C 470 was built in 1972. The property's zip code is 33538 which is in Lake Panasoffkee, FL