Mixed Use at 2396 N C 470, LAKE PANASOFFKEE
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$950,000

2396 N C 470
LAKE PANASOFFKEE, FL 33538
Listed by ERA GRIZZARD REAL ESTATE
Bedrooms
N/A
Bathrooms
N/A
Living area
3,568 sqft
Year built
1972

About this home

Commercial Income Opportunity, Zoned Heavy Commercial or Redevelopment. 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!!

Property details

MLS #
MFRG5115516
Property type
Mixed Use
Subdivision
N/A
Status
Active
Days on market
59
On market date
July 24, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.73 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
LAKE PANASOFFKEE ELEMENTARY SCHOOL
1.72 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
None found nearby
High
WILDWOOD MIDDLE/ HIGH SCHOOL
7.58 mi away · Grades 6-12
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
842
Student:teacher ratio
17.5:1
District
SUMTER

Walkability

Blended score for LAKE PANASOFFKEE's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

33
Car-dependent
out of 100
EPA National Walkability Index
6.3 / 20 -- Below average walkable
Nearby-amenity density
35 / 100
Restaurants & cafes6
Grocery stores2
Parks1
Schools0
Transit stops0
Pharmacies1

Mortgage calculator

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

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Est. monthly payment
$5,871/mo
$190,000 down
$760,000 loan
Principal & interest$4,929
Property tax (est.)$792
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 4 days ago.

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.