12500 State Road 33 - Restaurant FOR SALE


Groveland, FL 34736
$2,000,000 USD
407-810-5271
12500 State Road 33, Groveland, FL for Sale
$2,000,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

12500 State Road 33
Groveland, FL 34736


HIGHLIGHTS

  • 9.29-acre commercial property on State Road 33 with prime visibility and easy access, located in rapidly growing Lake County.
  • Income-producing site featuring the Red Wing Restaurant, a local landmark with indoor dining and screened banquet space.
  • Development-ready parcel ideal for hospitality, event venue, or mixed-use projects to leverage Central Florida growth.
  • 2,346 sq. ft. building with block, stone, and stucco construction, central A/C, heat pump, and screened porch.
  • Ample parking with 30+ spaces, RV access, and accessibility features including visitor bathroom and wide entrances.
  • Commercial zoning with well water, septic system, and 2024 taxes of approx. $4,746—flexible for future expansion.

OVERVIEW

Nine+ 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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$821 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Garden Center, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

9.29 AC

LAND SF

404,672 SF

ZONING

CP

APN/PARCEL ID

01-22-24-5100-037-00000,01-22-24-5100-037-00001,31-22-25-0100-000-02000

ASK ABOUT THIS PROPERTY

Nadeem ShaikhCentury 21 CariotiMore Info
407-810-5271

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Nadeem ShaikhCentury 21 CariotiMore Info
407-810-5271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.