IDX

Listed by Mona Jodray · Courtesy of ERA GRIZZARD REAL ESTATE· Agent MLS ID# MFR60200137 · Deemed reliable but not guaranteed. · Data last updated: Sep 2, 2026 · 2:17 PM

2396 N C 470

Lake Panasoffkee, Sumter, FL, 33538

Active

$990,000

$277/sqft

N/ABeds
0Baths
3,568Sq Ft
1972Built
230Days on Market

About this home

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!!

Facts & Features

MFRG5106723
$990,000
Active
N/A
0
N/A
N/A
3,568 sqft
1.7300
1972
Commercial Sale
Mixed Use
N/A

Community Information

2396 N C 470
N/A
Lake Panasoffkee
Sumter
FL
33538
No

Amenities

N/A
N/A
No
No
No

Interior

N/A
N/A
Central Air, Zoned
N/A
N/A
N/A
N/A

Exterior

N/A
Wood Siding, Frame
Slab
Metal
N/A
N/A

School Information

N/A
N/A
N/A

Additional Information

January 15, 2026
230
CH
N/A
No

Mortgage Calculator

This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. ERA GRIZZARD REAL ESTATE is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

230 days on market

Listing updated: Sep 2, 2026 · 2:17 PM

Listed by: Mona Jodray · 352-205-1883ERA GRIZZARD REAL ESTATE · 352-787-6966

Updated from Real Estate Market Data

Location

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brokerage

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