2102 N County Road 470
Lake Panasoffkee, FL 33538
Retail Property For Sale

Property tours are available by appointment ONLY. Please contact James Mitchell to schedule at james.mitchell@cbre.com or 407-404-5024. Investment Highlights: Absolute Auction - 1st Bid meets Reserve! ñ2,532 SF Former SunTrust Bank Branch in Lake Panasoffkee Bank site contains ñ1.94 AC with potential to develop on additional ñ1.49 AC outparcel Owner-operator opportunity or value-add through lease-up at market rates or redevelopment Fa‡ade and pylon signage available Easy access with 450' frontage on N Country Rd 470 and only 3 miles from I-75 Investment Overview: The former SunTrust branch in Lake Panasoffkee is a vacant former banking facility located at 2102 N. County Road 470 in Lake Panasoffkee (Sumter County). The Property contains a total of ñ3.2 AC with the bank site contains ñ1.94 AC with potential to develop on an additional ñ1.49 AC outparcel. The Former Suntrust has multiple points of ingress/egress and offers customers drive-thru lanes (3 motor lanes & bypass lane) and 36 parking spaces. This former SunTrust is ideal for owner occupants with an immediate need for retail/office space or for investors seeking significant value-add through lease-up at market r This former SunTrust is ideal for owner occupants with an immediate need for retail/office space or for investors seeking significant value-add through lease-up at market rates. Lake Panasoffkee is a census-designated place (CDP) in Sumter County. Sumter County is in the middle of it all, at the crossroads of the Florida Turnpike and Interstate-75, near Orlando (ñ55 miles) and Tampa (ñ65 miles). Industry, agriculture, ecology, record-setting commercial and residential development, are all woven into the fabric of Lake Panasoffkee's community. The Property has approximately ñ4,728 individuals residing within a five-mile radius of the property and an average household income of ñ$47,403. The annual consumer spending demographics estimate a total specified consumer spending of ñ$42,278,000 within a 5-mile radius of the Property in 2017. The Property is located only ñ3 miles from the 1-75 and only an hour from both the Orlando and Tampa Bay Metro Regions. Nearby retailers in the immediate area include Family Dollar (across the street from the Property), USPS Post Office, Dollar General, Catfish Jimmy's, and Hobby Horse. This absolute auction opportunity gives potential investors