$350K
503 Palmetto Street
Eustis, FL 32726
Listing updated: September 15, 2026 at 10:16 AM ET
Property type
Year built
Building size
Lot size
Price / SF
Zoning
Days on market
About this property
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!
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Restaurant
- Status
- Active
- Days on market
- 83
- Subdivision
- Eustis Hogans Sub
- County
- Lake
- Year built
- 1970
- Building area
- 1,659 sq ft
- Price/sq ft
- $210.97
- Lot size
- 6,717 sq ft
- Buildings
- 2
- Road frontage
- City Street
- Building features
- Bathrooms
- Annual taxes
- $2K (2025)
- Parcel #
- 12-19-26-1300-00E-00012
- Zoning
- MCR
- MLS #
- G5112936
Utilities
- Utilities
- Electricity Available, Water Connected
- Water source
- Public
- Sewer
- Public Sewer
Listing details
- Listing date
- 2026-05-27
- On market date
- 2026-06-01
- Original list price
- $385K
- MLS area
- 32726 - Eustis
- Status changed
- 2026-09-15
- Tax legal description
- EUSTIS HOGAN'S SUB FROM SE COR BLK E RUN N ALONG E LINE OF SAID BLK E 723.09 FT FOR POB CONT N ALONG SAME LINE 92.01 FT TO A POINT THAT IS 120.81 FT S OF MOST N'LY COR BLK E W 60.4 FT TO NW'LY LINE BLK E SW'LY ALONG NW'LY LINE BLK E 55.78 FT S 63DEG 54MIN 30SEC E 52.5 FT S 3 FT S 63DEG 54MIN 30SEC E TO E LINE BLK E N TO POB PB 2 PG 33 ORB 773 PG 2459
Location
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of September 15, 2026 at 10:16 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA