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Key Facts

Type Restaurant
Levels Commercial Sale
Size 2346 sqft
Garage No
Maintenance Fees 
Taxes $4,746
Days Active 2
Approx. Age 1964
Avg. Price Per Sqft $852
MLS® Number O6347931

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

--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.Show Description
MLS® NumberO6347931
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1964
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Heat Pump, Zoned
A/CCentral Air, Zoned
Heating Fuel

Extras

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