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Listings courtesy of ERA GRIZZARD REAL ESTATE as distributed by MLS GRID.

Active - Mixed Use for sale

2396 N C 470, Lake Panasoffkee, FL

3,568 sqft

Facts & features

Mixed Use Property type
40 days on Beycome
1972 Year built
$308 Price/Sqft.
88,000 sqft Lot size

Why you’ll love it

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!!

Translating description...

Listed by: Mona Jodray • ljodray@eragrizzard.com • ERA GRIZZARD REAL ESTATE

Co-listed by: Amy Spivey • ERA GRIZZARD REAL ESTATE

Source: Stellar MLS as distributed by MLS GRID, MLS#: G5115516 Stellar MLS as distributed by MLS GRID logo

Based on information as of Jun 01, 2026 at 02:21pm EDT.

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Affordability

$715,000$1,485,000
1%20%
0%90%
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Estimated monthly payment

$5,975/mo

  • Mortgage$5,562
  • Property tax$412
  • HOA fee
  • Homeowners insurance
Due at closing$874,500
Down payment held in escrow$220,000
Closing costs$16,500
beycome credit Est.$22,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

Discover the neighborhood

Travel times

About Lake Panasoffkee

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AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Jun 01, 2026 at 02:21pm EDT. 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.

$1,100,000 Listed price

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$22,000 Credit back

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