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12500 State Road 33 2,436 SF Retail Building Groveland, FL 34736 $2,000,000 ($821.02/SF)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,436 SF
Building Class
C
Year Built
1948
Price
$2,000,000
Price Per SF
$821.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
9.29 AC
Zoning
CP - Commercial Parkway
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Fenced Lot
  • Fireplace
  • Restaurant
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-22-24-5100-037-00000
  • 01-22-24-5100-037-00001
  • 31-22-25-0100-000-02000
Land Assessment
$203,813
Improvements Assessment
$151,920
Total Assessment
$355,733
  • Listing ID: 38433695

  • Date on Market: 10/17/2025

  • Last Updated:

  • Address: 12500 State Road 33, Groveland, FL 34736

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