Active

$2,000,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2346 sq ft
Overview
  • ID: MFRO6347931
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2346 sq ft
Property Details
Remarks
--9+ Acres of Prime Commercial Land with Income-Producing Restaurant-- This offering combines a rare large corner parcel in Groveland with an established business already in place. Located on State Road 33, just minutes from major Central Florida growth corridors, this 9+ acre property provides a unique opportunity for investors and developers seeking land with built-in income potential. The site currently operates as the Red Wing Restaurant, a well-known local landmark. The building features indoor seating plus an outdoor screened banquet enclosure, supporting private parties and group events. The restaurant delivers ongoing cash flow and immediate use, yet its actual value is in the property’s scale and versatility. With over 9 acres available, future possibilities include: Restaurant expansion to capture regional demand, Development of a large barn or event venue for weddings and gatherings, A farm-to-table hospitality concept that leverages the acreage, Alternative commercial, hospitality, or mixed-use projects benefiting from strong area growth. As Lake County continues to see rapid residential and commercial expansion, parcels of this size are becoming increasingly scarce. This property provides the best of both worlds: an operating business today and a development play for tomorrow.
Financial Considerations
Price:
$2,000,000
HOA Fee:
N/A
Tax Amount:
$4746
Price per SqFt:
$652.32
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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