
$1,100,000
2396 C 470
Lake Panasoffkee, FL 33538
Listing updated: May 5, 2026 at 12:50 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Reduced !! 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. With a gross sales of just under a million and currently open 4 days a week serving lunch and dinner until 8:00 pm give the restaurant immense $$ growth potential. 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!!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history110 days on market
- Status: ActiveJan 15, 2026
- Listed$1,200,000Jan 15, 2026
- Price reduced$1,100,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 110
- County
- Sumter
- Year built
- 1972
- Living area
- 3,568 sq ft
- Price/sq ft
- $291
- Building area
- 3,784 sq ft (Public Records)
- Lot size
- 88,000 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- X
- Annual taxes
- $4,950 (2025)
- Parcel #
- F32-017
- Zoning
- CH
- MLS #
- G5106723
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Heating & Cooling
- Cooling
- Central Air, Zoned
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Sole Proprietor
Exterior & Construction
- Construction materials
- Frame, Wood Siding
- Roof
- Metal
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Utilities
- Electricity Available
Listing Details
- Listing date
- 2026-01-13
- On market date
- 2026-01-15
- Original list price
- $1,200,000
- MLS area
- 33538 - Lake Panasoffkee
- Listing AOR
- Orlando Regional
- Status changed
- 2026-01-15
- Tax 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 risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Wildwood, go South on I-75, to right on CR 470 property will be on the left
More homes like this

$689,000
4885 Cr 307
Lake Panasoffkee, FL 33538
4 bd · 3 ba · 2,538 sqft
Sunset Shores
MLS ID #G5113305, KELLER WILLIAMS ELITE PARTNERS III REALTY.
Listing provided by Stellar MLS

$1,000,000
2223 Cr 543
Sumterville, FL 33585
3 bd · 3 ba · 3,956 sqft
N/A
MLS ID #TB8513033, BHHS FLORIDA PROPERTIES GROUP.
Listing provided by Stellar MLS

$1,200,000
2327 Cr 528
Sumterville, FL 33585
3 bd · 2 ba · 1,477 sqft
None
MLS ID #OM718933, FLORIDA CAPITAL REALTY.
Listing provided by Stellar MLS


$354,900
1118 Cr 440
Lake Panasoffkee, FL 33538
5 bd · 4 ba · 2,635 sqft
Tracys Pt 3rd Add
MLS ID #OM706488, GLOBALWIDE REALTY LLC.
Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 5, 2026 at 12:50 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA