Under contractReduced $35,000 from $385,000Virtual tour

$350,000

807 SF building0.15 acre lotBuilt 1970

503 Palmetto StreetEustis, FL 32726

Commercial property (from the listing description) · MLS 11799314 · Listed 161 days ago (May 27, 2026)

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Under contract: The seller has accepted an offer with conditions. Some sellers still accept backup offers.

About this property

Under contract-accepting backup offers. INVESTOR OPPORTUNITY! Explore the potential of this unique commercial property located in a DESIGNATED OPPORTUNITY ZONE. 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! .

Description provided by the listing brokerage.

Key facts

Asking price
$350,000
Original list price
$385,000
Status
Under contract
Property type
Commercial (type not stated)From the listing description
Building area
807 SFSource field LivingArea
Land area
0.15 acresSource field LotSizeAcres
Year built
1970
MLS number
11799314

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Price

Asking price
$350,000
Price per SF of building
$434/SFAsking price ÷ 807 SF reported building area
Annual taxes
$1,826Tax year 2025

Building and site

County
Lake County

Reported features

  • Public water (from a listing field)

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Flooring

  • Tile

Heating

  • Natural Gas

Roof

  • Metal

Water

  • Public (Water Source)

Sewer

  • Other

Virtual tours and video

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Eustis.

Why this listing is on Commercial Only

  • MLS property class detail. (PropertyTypeDetail: commercial)

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Price and status history

  • Original list price reported by the brokerage: $385,000

Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

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Guides

Listing courtesy of Re/max Premier Realty. Listing agent: Rachel Rivera. Listings provided by MyStateMLS.

Listing last modified at the source Oct 22, 2026, 11:53 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 12:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.