Date
Details
Price
Change
Source
6/01/2026
Listed
$385,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
A rare opportunity to own a piece of local history! Formerly the community's beloved barbecue destination, this iconic BBQ restaurant served generations of loyal customers and was known for its walk-up service window, authentic smoked meats, and hometown charm. Situated on 3 PARCELS totaling approximately 5 ACRES, this unique property is perfectly positioned on the corner of Palmetto Street and E. Bates Avenue. The site includes the original barbecue restaurant and pits, along with a spacious picnic pavilion that has hosted countless family gatherings, community events, and outdoor dining experiences over the years. With excellent visibility, ample space, and strong community recognition, the possibilities are endless. Revive the legendary barbecue stand, create a new restaurant or entertainment venue, establish a catering headquarters, or explore redevelopment opportunities. This landmark property offers the rare combination of location, acreage, and local heritage that is difficult to find. Bring your vision and capitalize on the legacy of a long-standing community favorite. Additional parcels being sold together with this property: 12-19-26-1300-00E-00000, 12-19-26-3100-00D-00000
Full Property Details
Full Property Details for 503 Palmetto St
General
- Price: $385,000
- Taxes: $1,826 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: G5112936
- Updated: 6/2/2026
- Added to Site: 1 day(s) ago
Rental Information
- Complex Features: Bathrooms
Interior
- Flooring: Concrete, Tile
Parking
- Parking Features: Ground Level
Location
- Area: 32726 - Eustis
- County: Lake
- Development Name: 32726 - Eustis
- Subdivision: EUSTIS HOGANS SUB
- Driving Directions: From E. Orange Ave, turn North onto Glover St., turn West onto Bates Ave, property is on the corner of E. Bates Ave AND Palmetto St.
Community
- Community Name: 32726 - Eustis
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Water Connected
Structural Information
- # Buildings: 2
- Exterior Const.: Block
- Roof: Metal
- Windows: Display Window(s)
- Stories/Levels: One
- Square Feet: 807
- Sq. Ft. Source: Public Records
- Year Built: 1970
Additional Structures
- Other Structures: Storage
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,717
- Lot Size: 6717
- Frontage: City Street
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $1,826
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: EUSTIS HOGAN'S SUB FROM SE COR BLK E RUN N ALONG E LINE OF SAID BLK E 723.09 FT FOR POB CONT N ALONG SAME LINE 92.01 FT TO A POINT THAT IS 120.81 FT S OF MOST N'LY COR BLK E W 60.4 FT TO NW'LY LINE BLK E SW'LY ALONG NW'LY LINE BLK E 55.78 FT S 63DEG 54MIN 30SEC E 52.5 FT S 3 FT S 63DEG 54MIN 30SEC E TO E LINE BLK E N TO POB PB 2 PG 33 ORB 773 PG 2459
- Flood Zone Info: X
- APN: 121926130000E00012
- Property ID: 121926130000E00012
- Block/Lot/Section: 00E
Listed by Re/Max Premier Realty
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Listing agent
— 503 Palmetto St —
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Schools
Schools serving 503 Palmetto St
School District:Lake County School District
| Name | Grades | Distance |
|---|---|---|
Eustis Elementary School 714 Citrus Avenue, Eustis, FL 32726 | PK-5 | 0.6 mi |
Eustis Middle School 18725 Bates Avenue, Eustis, FL 32736 | 6-8 | 1.6 mi |
Eustis High School 1300 East Washington Avenue, Eustis, FL 32726 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 Palmetto St
Tax History
Tax History for 503 Palmetto St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,709
—
$92,459
5%
2024
$1,709
11%
$87,806
9%
2023
$1,544
21%
$80,347
27%
2021
$1,281
-9%
$63,039
-9%
2022
$1,408
10%
$68,912
9%
2021
$1,281
—
$63,078
7%
2019
$1,279
10%
$59,060
9%
2018
$1,162
—
$54,352
—
2017
$1,166
-1%
$54,385
—
2016
$1,183
5%
$54,418
7%
2015
$1,130
1%
$50,774
2%
2014
$1,118
4%
$49,899
—
2013
$1,080
—
$49,899
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 Palmetto St
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,367Sq. Ft.
Listed by Phillips Foster Team (386) 747-4914
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,617Sq. Ft.
Listed by Encore Investment Realty
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,234Sq. Ft.
Listed by Phillips Foster Team (386) 747-4914
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,133Sq. Ft.
Listed by Jude DeVito (352) 427-2070
- Single Family
- Active
- Updated 1 hour ago
- 2Beds
- 1Total Bath
- 716Sq. Ft.
Listed by Town and Country Realty
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- Single Family
- Closed
- 4Beds
- 2Total Baths
- 1,480Sq. Ft.
Listed by Expert Real Estate Advisors
Sold by Re/Max 200 Realty
Sold by Re/Max 200 Realty
- Multi-Family
- Closed
- 5Units
- 0.24Acres
Listed by Legacy Real Estate Investment
Sold by Stellar Non-Member Office
Sold by Stellar Non-Member Office
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 2,677Sq. Ft.
Listed and Sold by Watson Realty Corp
503 Palmetto Street, Eustis, FL 32726 (MLS# G5112936) is a Commercial property. 503 Palmetto Street is currently listed for $385,000 and was received on June 01, 2026. Want to learn more about 503 Palmetto Street? Do you have questions about finding other Commercial real estate for sale in Eustis? You can browse all Eustis real estate or contact a Coldwell Banker agent to request more information.