Redevelopment site or Commercial Income Opportunity, Zoned Heavy Commercial. 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!!
Property Details
Price:
$1,100,000
MLS #:
G5106723
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
33538lakepanasoffkee
Listed Date:
Jan 15, 2026
Finished Sq Ft:
3,568
Total Sq Ft:
3,784
Lot Size:
88,000 sqft / 1.73 acres (approx)
Year Built:
1972
See this Listing
Schools
Interior
Cooling
Central Air, Zoned
Exterior
Construction Materials
Wood Frame, Wood Siding
Roof
Metal
Financial
Tax Year
2025
Taxes
$4,950
Map
Community
- Address2396 N C 470 LAKE PANASOFFKEE FL
- CityLAKE PANASOFFKEE
- CountySumter
- Zip Code33538
Subdivisions in LAKE PANASOFFKEE
- 2ND ADD TRACYS PT
- BOAT BASIN PARK LEISURE TIME MOB
- EMERT ACRES
- FASSONS WOODLAND ESTATES
- FIRST ADD
- GEERS
- HIDDEN HARBOR B
- HIDDEN HARBOUR
- HOLIDAY HAVEN
- HOLIDAY HAVEN UN 02
- IDLEWILD PARK LAKE PANASOFFKEE
- INDIAN ESTATES
- LAKE SHORE
- LAKE SHORE PARK
- LAKEVIEW TERRACE
- LEISURE TIME MOBILE HOME ESTAT
- LEISURE TIME MOBILE HOME ESTATES
- LOTS 7, 8, 9 & 11 RILACA VILLA SUB PB 3 PG 44
- MONTGOMERY ACRES
- NON
- OLIVE PALM
- OLIVE PALM COMM UNRECO RDED SUB
- PANA-COO-CHEE RETREATS
- PANA-COO-CHEE RETREATS UN 1
- PANACOOCHEE RETREAT
- PANACOOCHEE RETREATS
- RILACA MOBILE MANOR
- RILACA VILLA
- RIVER EDGE ESTATES
- RIVERS EDGE ESTATES
- SHADY ACRES ADD 01
- SMITHS
- SUNSET SHORES
- THE S 1/2 OF N 1/2 OF SE 1/4 OF NW 1/4
- THIRD ADD TRACYS PT
- THUNDERBIRD TERRACE ADD 01
- THUNDERBIRD TERRACE SUB
- TRACYS POINT
- TRACYS POINT THIRD ADD
- TRACYS PT 3RD ADD
- WITHLACOOCHEE RIVER PARK SUBDIVISION
Market Summary
Current real estate data for Commercial in LAKE PANASOFFKEE as of Jul 02, 2026
3
Commercial Listed
110
Avg DOM
292
Avg $ / SqFt
$599,333
Avg List Price
Property Summary
- 2396 N C 470 LAKE PANASOFFKEE FL is a Commercial for sale in LAKE PANASOFFKEE, FL, 33538. It is listed for $1,100,000 To schedule a showing of MLS#g5106723 at 2396 N C 470 in LAKE PANASOFFKEE, FL, contact your CENTURY 21 Carioti agent at 2392986550.
Similar Listings Nearby
Courtesy of ERA GRIZZARD REAL ESTATE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 2396 N C 470
LAKE PANASOFFKEE, FL
