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503 Palmetto Street, FL
Stellar MLS

$350K

503 Palmetto Street

Eustis, FL 32726

Listing updated: September 15, 2026 at 10:16 AM ET

Active
Stellar MLSListing courtesy of Re/Max Premier Realty · Rachel Rivera · MLS #G5112936 · Active · 352-735-4060
1,659
Building SF
0.15
Acres
1970
Built
$210.97
Per SF
Restaurant$210.97/SF360° tour
Restaurant

Property type

1970

Year built

1,659 SF

Building size

6,717 sqft

Lot size

$210.97

Price / SF

MCR

Zoning

83

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.

MLS GRID

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

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503 Palmetto Street — $350K | MaxLife Commercial