12500 State Road 33 Groveland, FL 34736

Commercial-Other MLS #: O6347931 Listed By CENTURY 21 Carioti

$2,000,000

3 half baths | 2,436 sq ft
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Property InformationDescription

--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.
MORTGAGE CALCULATOR

Features

  • Age: Over 50 Years Old
  • Appliances: Dishwasher
  • Appliances: Refrigerator
  • Area Amenities: Outdoor Activities
  • Area Description: Suburban
  • Building Area: 2436.00 SF
  • Cooling: Central A/C
  • Cross Docks: N
  • Exterior Description: Concrete Block
  • Exterior Description: Stucco
  • Exterior Description: Wood Siding
  • Exterior Living Space: Screened Porch
  • Exterior Living Space: Balcony / Lanai
  • Flooring: Ceramic
  • Flooring: Stone
  • For Auction: N
  • Half Bathrooms: 3
  • Heating - Fuel Type: Electric
  • Heating Type: Heat Pump
  • Heating Type: Forced Air
  • Kitchen Features: Kitchen Facilities
  • Level Number: 1
  • Lot Description: Access Type - Road
  • Lot Description: Corner
  • Lot Size Desc: 5-10 Acres
  • Lot Size In Text: 9.29 Acres
  • MLSID: O6347931
  • Parking Places: 30
  • Price Upon Request: N
  • Property Use: Use in a Business
  • Road Type: City / Town Street
  • Road Type: State Road
  • Roof: Tar & Gravel
  • Sewer: Septic
  • Style: Other Style
  • Sublease: N
  • Tax Year: 2024
  • Taxes: $4746.00
  • Water: Well
  • Year Built: 1964

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12500 State Road 33, Groveland, FL 34736
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