2396 C 470, FL
Stellar MLS

$1,100,000

2396 C 470

Lake Panasoffkee, FL 33538

Listing updated: May 5, 2026 at 12:50 PM ET

Active
0
Baths
3,568
Sq Ft
1.73
Acres
1972
Built
1.73 acres$291/sqft
Mixed Use

Property type

1972

Year built

88,000 sqft

Lot size

$291

Price / sq ft

No HOA

HOA dues

110

Days on market

X

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

Principal & interest$5,562
Property taxes$412
Home insurance (est.)$504

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

  1. Status: Active
    Jan 15, 2026
  2. Listed$1,200,000
    Jan 15, 2026
  3. 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

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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 riskFEMA Zone X

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

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MLS GRID

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