Active

$1,800,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2346 sq ft
Overview
  • ID: MFRO6347931
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2346 sq ft
Property Details
Remarks
**Groveland Florida Commercial Land for Sale | 9+ Acres on State Road 33 | Income-Producing Property with Restaurant** Rare opportunity to acquire **9+ acres of commercial land in Groveland, Florida** with **existing income-producing use** and significant future development potential. Located directly on **State Road 33**, this high-visibility **corner parcel** sits within one of Central Florida’s fastest-growing corridors, offering strong long-term upside for investors, developers, and owner-users. The property is currently home to the well-established **Red Wing Restaurant**, a recognized local destination generating **ongoing cash flow**. The existing improvements include a fully operational restaurant building with **indoor dining and a large screened banquet/event space**, supporting private events, group gatherings, and expanded seating capacity. While the current business provides immediate income, the true value lies in the **scale, location, and flexibility of this 9+ acre commercial site**. Key highlights include: * **9+ acres of commercial land in Groveland Florida** * **High-visibility frontage on State Road 33** * **Operating restaurant with established customer base** * **Large corner lot with excellent access and exposure** * **Income-producing asset with future redevelopment potential** This property is well-positioned for a wide range of **commercial and hospitality uses**, including: * Expansion of the existing restaurant or redevelopment into a larger dining destination * Development of a **wedding venue, event barn, or agritourism concept** * Creation of a **farm-to-table restaurant or hospitality experience** * Mixed-use or commercial development aligned with surrounding growth Located in Groveland within rapidly expanding **Lake County**, this site benefits from increasing residential density, rising demand for commercial services, and proximity to major Central Florida markets including Clermont, Minneola, and Orlando. Large-acreage commercial parcels with **existing income and development potential** are becoming increasingly difficult to find in this area. This offering provides a unique combination of **current cash flow, prime location, and long-term investment upside**. If you are searching for **commercial land for sale in Groveland Florida**, a **restaurant property with land**, or a **development opportunity in Lake County**, this property stands out as a high-potential investment. - ---
Financial Considerations
Price:
$1,800,000
HOA Fee:
N/A
Tax Amount:
$4746
Price per SqFt:
$587.08
Tax Legal Description:
EDGE'S SUB LOT 20 PB 4 PG 37 ORB 3255 PG 1956 ORB 3315 PG 245
Exterior Features
Lot Size:
404909
Lot Features:
Corner Lot, Street Lights
Waterfront:
No
Parking Spaces:
N/A
Parking:
Deeded, Ground Level, Over 30 Spaces, RV Access/Parking
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Heat Pump, Zoned
Cooling:
Central Air, Zoned
Appliances:
Dishwasher, Microwave, Refrigerator
Furnished:
No
Floor:
Ceramic Tile, Tile, Slate
Levels:
N/A
Additional Features
Property Sub Type:
Restaurant
Style:
N/A
Year Built:
1964
Construction Type:
Block, Stone, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Southwest
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    12500 STATE ROAD 33
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