Listing provided courtesy of ERA GRIZZARD REAL ESTATEas Distributed by MLSGrid- MLS# MFRG5106723MLS Provider

2396 N C 470LAKE PANASOFFKEE, FL 33538

Commercial · 3,568 Sq. ft. | 1.73 Acres
$1,100,000 Active

2396 N C 470 Overview

Time on Site:
166 days
Visits:
2

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!!

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2396 N C 470 Facts & Features

  • Type Commercial
  • Sq. ft. 3,568
  • Price/Sq.ft. $308
  • Lot 1.73 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1972

Location/Region

  • Country: US
  • County Or Parish: Sumter
  • MLS Area Major: 33538 - Lake Panasoffkee
  • Township: 19S

Tax Information

  • Tax Annual Amount: 4949.88
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Ownership: Sole Proprietor
  • Parcel Number: F32-017
  • Property Condition: Completed
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: CH

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 3784
  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air,Zoned
  • Foundation Details: Slab
  • Living Area: 3568
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels Description: F32-016, F32-018 & F32-019
  • Additional Parcels: Yes
  • Lot Size Acres: 1.73
  • Lot Size Dimensions: 400x220
  • Lot Size Square Feet: 88000
  • Number Of Lots: 4
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame,Wood Siding
  • Roof: Metal

General Information

  • Road Frontage Type: County Road
  • Utilities: Electricity Available

2396 N C 470 Neighborhood

Community

33538 (LAKE PANASOFFKEE) Demographics

51
Median Age
50
Population Density (per sq. mile)
20%
College Educated
$38,231
Estimated Median Income
1,733
Estimated Total Home Owners
470
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2396 N C 470 Market Data

Based on the last 30 days in this zip code

$234,644
Average List Price
$185
Average Price per Square Foot
7
Properties Sold
145
Average Days on Market
62
Properties for Sale
Calculations provided by Reliance Network

2396 N C 470 History

Date Event Value Agent
4/27/2026Source: My Florida Regional MLS Price Reduction
$1,100,000 -8.3%
1/15/2026Source: My Florida Regional MLS Added to Database
January 15, 2026