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$1,200,000 Just Listed
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Property Description
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. 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!!
Full Property Details
Full Property Details for MLS# G5106723
General
- Price: $1,200,000
- Taxes: $4,949 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: G5106723
- Updated: 1/16/2026
- Added to Site: 1 day(s) ago
Location
- Area: 33538 - Lake Panasoffkee
- County: Sumter
- Development Name: 33538 - Lake Panasoffkee
- Driving Directions: Wildwood, go South on I-75, to right on CR 470 property will be on the left
Community
- Community Name: 33538 - Lake Panasoffkee
Heating & Cooling
- Cooling Type: Central Air, Zoned
Utilities
- Utility Description: Electricity Available
Structural Information
- # Buildings: 2
- Exterior Const.: Wood Frame, Wood Siding
- Roof: Metal
- Square Feet: 3,568
- Year Built: 1972
Lot Features
- Lot Size (Acres): 1.73
- Lot Size (Sq. Ft.): 88,000
- Lot Size: 2.0202
- Lot Dimensions: 400 x 220
- Frontage: County Road
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $4,949.88
- Tax Year: 2025
Disclosures and Reports
- Ownership: Sole Proprietor
- Special Conditions: None
- 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
- Flood Zone Info: X
- APN: F32017
- Property ID: F32017
Listed by Era Grizzard Real Estate and Grizzard Commercial Realestate
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Price & Sales History for MLS# G5106723
Date
Details
Price
Change
Source
1/15/2026
Listed
$1,200,000
—
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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Estimate the Cost for MLS# G5106723
MLS# G5106723, Lake Panasoffkee, FL 33538 (MLS# G5106723) is a Commercial property. MLS# G5106723 is currently listed for $1,200,000 and was received on January 15, 2026. Want to learn more about MLS# G5106723? Do you have questions about finding other Commercial real estate for sale in Lake Panasoffkee? You can browse all Lake Panasoffkee real estate or contact a Coldwell Banker agent to request more information.

