INNOVATE Real Estate
Business at 131 N C 470, LAKE PANASOFFKEE
Business at 131 N C 470, LAKE PANASOFFKEE, photo 2 of 16
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16 photos

$215,000

131 N C 470
LAKE PANASOFFKEE, FL 33538
Listed by Joel Merritt
Bedrooms
N/A
Bathrooms
N/A
Living area
900 sqft
Year built
1957

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.

Property details

MLS
Stellar MLS
MLS #
MFRG5109493
Property type
Business
Subdivision
LAKE VIEW TERRACE
Status
Active
Days on market
185
On market date
March 12, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.35 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
LAKE PANASOFFKEE ELEMENTARY SCHOOL
1.34 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
572
Student:teacher ratio
16.8:1
District
SUMTER
Middle
SOUTH SUMTER MIDDLE SCHOOL
9.63 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
827
Student:teacher ratio
16.9:1
District
SUMTER
High
SOUTH SUMTER HIGH SCHOOL
5.74 mi away · Grades 8-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
991
Student:teacher ratio
16.8:1
District
SUMTER

Walkability

Blended score for LAKE PANASOFFKEE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

27
Car-dependent
out of 100
EPA National Walkability Index
6.7 / 20 -- Below average walkable
Google Places amenity density
18 / 100
Restaurants & cafes1
Grocery stores0
Parks2
Schools1
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in LAKE PANASOFFKEE, from live MLS data.

On the market 185 days -- 51 more days than LAKE PANASOFFKEE's current average of 134 days.
For reference, the median list price across 62 active listings in LAKE PANASOFFKEE right now is $213,750.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$1,445/mo
$43,000 down
$172,000 loan
Principal & interest$1,116
Property tax (est.)$179
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 14, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.