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$1,800,000 -$200,000 (-10%) Price Reduced
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Property Description
Here's a **fully rewritten, SEO-optimized version** designed to perform on **Zillow, Realtor.com, Google, and AI search platforms**-clean, keyword-rich, and positioned for both investors and developers: --- **Groveland Florida Commercial Land for Sale | 9+ Acres on State Road 33 | Income-Producing Property with Restaurant** Rare opportunity to acquire **9+ acres of commercial land in Groveland, Florida** with **existing income-producing use** and significant future development potential. Located directly on **State Road 33**, this high-visibility **corner parcel** sits within one of Central Florida's fastest-growing corridors, offering strong long-term upside for investors, developers, and owner-users. The property is currently home to the well-established **Red Wing Restaurant**, a recognized local destination generating **ongoing cash flow**. The existing improvements include a fully operational restaurant building with **indoor dining and a large screened banquet/event space**, supporting private events, group gatherings, and expanded seating capacity. While the current business provides immediate income, the true value lies in the **scale, location, and flexibility of this 9+ acre commercial site**. Key highlights include: * **9+ acres of commercial land in Groveland Florida** * **High-visibility frontage on State Road 33** * **Operating restaurant with established customer base** * **Large corner lot with excellent access and exposure** * **Income-producing asset with future redevelopment potential** This property is well-positioned for a wide range of **commercial and hospitality uses**, including: * Expansion of the existing restaurant or redevelopment into a larger dining destination * Development of a **wedding venue, event barn, or agritourism concept** * Creation of a **farm-to-table restaurant or hospitality experience** * Mixed-use or commercial development aligned with surrounding growth Located in Groveland within rapidly expanding **Lake County**, this site benefits from increasing residential density, rising demand for commercial services, and proximity to major Central Florida markets including Clermont, Minneola, and Orlando. Large-acreage commercial parcels with **existing income and development potential** are becoming increasingly difficult to find in this area. This offering provides a unique combination of **current cash flow, prime location, and long-term investment upside**. If you are searching for **commercial land for sale in Groveland Florida**, a **restaurant property with land**, or a **development opportunity in Lake County**, this property stands out as a high-potential investment. - ---
Full Property Details
Full Property Details for 12500 State Road 33
General
- Price: $1,800,000
- Taxes: $4,746 (2024)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: O6347931
- Updated: 4/29/2026
- Added to Site: 211 day(s) ago
Rental Information
- Complex Features: Bathrooms, Extra Storage, Fencing, Furnished, Kitchen Facility, Outside Storage, Seating
Interior
- Appliances: Dishwasher, Microwave, Refrigerator
- Flooring: Ceramic Tile, Porcelain Tile, Slate
Additional Information
- Security/Safety: Closed Circuit Camera(s)
Parking
- Parking Features: Deeded, Ground Level, Over 30 Spaces, RV Parking
Location
- Area: 34736 - Groveland
- County: Lake
- Development Name: 34736 - Groveland
- Subdivision: EDGES SUB
- Driving Directions: 50W to Groveland. Turn Left onto State Road 33. Follow down 2 miles, the property is on the Right.
- Direction Faces: Southwest
Community
- Community Name: 34736 - Groveland
- Management Type: Owner Manager
- Mgmt. Company: Owner Manager
Heating & Cooling
- Cooling Type: Central Air, Zoned
- Heating Type: Central, Heat Pump, Zoned
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Phone Available, Private
Structural Information
- # Buildings: 4
- Exterior Const.: Block, Stone, Stucco
- Roof: Membrane, Shingle
- Ceiling Type: Acoustical
- Ceiling Height: 8 to 9 Feet
- Windows: Blinds
- Square Feet: 2,346
- Sq. Ft. Source: Public Records
- Year Built: 1964
Additional Structures
- Other Structures: Other, Outbuilding
Lot Features
- Lot Size (Acres): 9.29
- Lot Size (Sq. Ft.): 404,909
- Lot Size: 9.2954
- Lot Dimensions: 716 x 724 x 651 x 480
- Frontage: Street Lights, City Street, State Road
- Street/Road Desc.: Asphalt, Paved
Green Features
- Energy Efficient: Thermostat, Water Heater
Financial Considerations
- Tax Amount: $4,746
- Tax Year: 2024
Disclosures and Reports
- Ownership: Corporation
- Special Conditions: None
- Legal Description: EDGE'S SUB LOT 20 PB 4 PG 37 ORB 3255 PG 1956 ORB 3315 PG 245
- Flood Zone Info: X
- APN: 312225010000002000
- Property ID: 312225010000002000
Listed by Century 21 Carioti
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Schools
Schools serving 12500 State Road 33
School District:Lake County School District
| Name | Grades | Distance |
|---|---|---|
Groveland Elementary School 930 Parkwood Street, Groveland, FL 34736 | PK-5 | 1.7 mi |
Gray Middle School 205 East Magnolia Street, Groveland, FL 34736 | 6-8 | 2 mi |
South Lake High School 15600 Silver Eagle Road, Groveland, FL 34736 | 9-12 | 3.7 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 12500 State Road 33
Date
Details
Price
Change
Source
4/29/2026
Price Reduced
$1,800,000
-10%
MLS
10/01/2025
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12500 State Road 33
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,150
—
$242,335
3%
2024
$4,150
20%
$234,153
9%
2023
$3,458
17%
$215,077
23%
2021
$2,952
-7%
$174,671
-13%
2022
$3,170
7%
$200,825
15%
2021
$2,952
10%
$175,109
16%
2018
$2,690
2%
$150,782
—
2017
$2,643
-2%
$151,245
—
2016
$2,708
-3%
$151,605
—
2015
$2,800
—
$152,067
—
2014
$2,812
-2%
$152,428
-4%
2019
$2,866
7%
$158,520
4%
2013
$2,684
—
$152,890
—
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 12500 State Road 33
12500 State Road 33, Groveland, FL 34736 (MLS# O6347931) is a Commercial property. 12500 State Road 33 is currently listed for $1,800,000 and was received on October 01, 2025. Want to learn more about 12500 State Road 33? Do you have questions about finding other Commercial real estate for sale in Groveland? You can browse all Groveland real estate or contact a Coldwell Banker agent to request more information.

