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12500 State Road 33
For Sale $2,000,000 ($852.51 per Sq Ft)
$2,000,000 ($852.51 per Sq Ft)
- Units
- 2,346 Sq Ft
- 404,909 Sq Ft
- Unknown Cap Rate
Description
--9+ 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,000,000 |
| Property Type | Hotel & Restaurants |
| Usable Sqft | 2,346 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 312225010000002000 |
| MLS # | O6347931 |
| Property ID | 316187994 |
| Lot Sqft | 404,909 |
| Zoning | CP |
| Days on Market | 138 |
| Original List Price | $2,000,000 |
| Applicances | Dishwasher, Microwave, Refrigerator% |
| Date Updated | October 16, 2025 |
| Date Created | October 01, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
David Dorman an agent of CENTURY 21 CARIOTI. Lic #3384610
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of October 16, 2025 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT