$248,000
131 C 470
Lake Panasoffkee, FL 33538
Listing updated: May 14, 2026 at 7:20 PM ET
Listing courtesy of Sumter Realty · Joel Merritt · MLS #G5109493 · Active · 352-793-3644Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Huge price reduction!! This commercial property is in two separate but adjoining parcels that are zoned heavy commercial with 1314 sq. ft. concrete block building. The property is in a great location for a business on busy CR 470 and only 1/4 mile from I-75. There is approximately 60ft frontage on CR 470 and approx. 300 ft on CR 490. There is quite a bit of property that is not built on to allow for expansion. The property is .354 acres.
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 history63 days on market
- Status: ActiveMar 12, 2026
- Listed$275,000Mar 12, 2026
- Price reduced$248,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Business
- Status
- Active
- Days on market
- 63
- Subdivision
- Lake View Terrace
- County
- Sumter
- Year built
- 1957
- Living area
- 900 sq ft
- Price/sq ft
- $189
- Building area
- 1,314 sq ft (Public Records)
- Lot size
- 15,438 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X
- Annual taxes
- $1,114 (2025)
- Parcel #
- J16A096
- Zoning
- CH
- MLS #
- G5109493
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Interior Details
- Stories / Levels
- One
- Direction faces
- South
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Sole Proprietor
Exterior & Construction
- Construction materials
- Block
- Roof
- Metal
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Tank
- Water source
- Well
- Utilities
- Electricity Available
Listing Details
- Listing date
- 2026-03-12
- On market date
- 2026-03-12
- Original list price
- $275,000
- MLS area
- 33538 - Lake Panasoffkee
- Listing AOR
- Lake and Sumter
- Status changed
- 2026-03-12
- Tax legal description
- LOT 6 & 7 BLK 6 LAKEVIEW TERRACE PLAT BOOK 2PAGE 30
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
From I-75 and CR 470 travel west to CR 490, turn right and property is on right.
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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 14, 2026 at 7:20 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.
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