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Philip & Perrine Dowling

perrine@dowlingteam.com +1(239) 537-3332

$1,100,000

Est. payment - /mo

3,568 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,568 sqft

Price per Sqft $308

MLS Listing ID G5106723

Construction Status Completed

HOA Y/N No

Year Built 1972

Annual Tax Amount $4,949

Lot Size 1.730 Acres

Acres 1.73

Lot Dimensions 400x220

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

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

Location

State FL

County Sumter

Area 33538 - Lake Panasoffkee

Zoning CH

Interior

Cooling Central Air, Zoned

Exterior

Utilities Available Electricity Available

Water Access No

Roof Type Metal

Building

Foundation Slab

Lot Size Range 1 to less than 2

Structure Type Frame,Wood Siding

New Construction false

Construction Status Completed

Others

Ownership Sole Proprietor

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Listed by Mona Jodray ERA GRIZZARD REAL ESTATE

2396 N C 470 Lake Panasoffkee, FL 33538