INVESTOR OPPORTUNITY! Explore the potential of this unique commercial property located in a DESIGNATED OPPORTUNITY ZONE. A rare opportunity to own a 3 PARCELS totaling approximately 5 ACRES situated on the corner of Palmetto Street and E. Bates Avenue., priced at $350,000 for ALL 3 parcels!! The site includes the original barbecue restaurant and pits, along with a spacious picnic pavilion that has hosted countless family gatherings, community events, and outdoor dining experiences over the years. 2 Parcels are zoned MCR - 3rd parcel (4.1 acres) is zoned Urban Residential. This is a great business opportunity - Endless possibilities await!
With excellent visibility, ample space, and strong community recognition, the possibilities are endless. Revive the legendary barbecue stand, create a new restaurant or entertainment venue, establish a catering headquarters, or explore redevelopment opportunities. This landmark property offers the rare combination of location, acreage, and local heritage that is difficult to find.
Bring your vision and capitalize on the legacy of a long-standing community favorite. Additional parcels being sold together with this property: 12-19-26-1300-00E-00000, 12-19-26-3100-00D-00000
Call me today for your private tour! .
Listing Courtesy of: RE/MAX PREMIER REALTY
352-735-4060
| Listing Id: | G5112936 |
|---|---|
| List Price: | $350,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Restaurant |
| Status: | Active |
| Living Area: | 807 |
| Tax Annual Amount: | $1,826 |
| Lot Size Square Feet: | 6,717 |
| Lot Size Acres: | 0.15 |
| Waterfront?: | No |
| City: | Eustis |
| County Or Parish: | Lake |
| Subdivision Name: | Eustis Hogans Sub |
| Postal Code: | 32726 |
| Year Built: | 1970 |
| Additional Parcels?: | Yes |
| Building Area Source: | Public Records |
| Building Area Total: | 1659 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block |
| Cooling: | None |
| Directions: | From E. Orange Ave, turn North onto Glover St., turn West onto Bates Ave, property is on the corner of E. Bates Ave AND Palmetto St. |
| Flooring: | Concrete, Tile |
| Heating: | Natural Gas |
| Levels: | One |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.15 |
| Postal Code Plus4: | 3723 |
| MLS Area Major: | 32726 - Eustis |
| MLS Area Major: | 32726 - Eustis |
| Other Structures: | Storage |
| Original List Price: | $385,000 |
| Parcel Number: | 12-19-26-1300-00E-00012 |
| Parking Features: | Ground Level |
| Township: | 19 |
| Road Frontage Type: | City Street |
| Road Surface Type: | Paved |
| Roof: | Metal |
| Listing Terms: | Cash, Commercial Financing |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 12-19-26-1300-00E-00000, 12-19-26-3100-00D-00000 |
| Utilities: | Electricity Available, Water Connected |
| Water Source: | Public |
| Number Of Lots: | 3 |
| Public Survey Range: | 26 |
| Public Survey Section: | 12 |
| Zoning: | MCR |
| Possession: | Close Of Escrow |
| Window Features: | Display Window(s) |
| Building Features: | Bathrooms |
| Adjoining Property: | Commercial, Residential, Vacant |
| Alternate Key Folio Num: | 2615338 |
| Building Area Total Srch Sq M: | 154.13 |
| Calculated List Price By Calcula: | 210.97 |
| Flood Zone Code: | X |
| Flood Zone Date: | 2012-12-18 |
| Flood Zone Panel: | 12069C0356E |
| Green Verification Count: | 0 |
| Living Area Meters: | 74.97 |
| Lot Size Square Meters: | 624 |
| Sale Includes: | Building(s) and Land |
| Sdeo yn: | No |
| Total Acreage: | 2 to less than 5 |
| Total Num Buildings: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Road Responsibility: | Public Maintained Road |
| Attribution Contact: | 352-735-4060 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-05-27 |
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Property Last Updated: October 08, 2026 05:28 PM - ET
