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Here’s a **fully rewritten, SEO-optimized version** designed to perform on **Zillow, Realtor. com, Google, and AI search platforms**—clean, keyword-rich, and positioned for both investors and developers:
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**Groveland Florida Commercial Land for Sale | 9+ Acres on State Road 33 | Income-Producing Property with Restaurant**
Rare opportunity to acquire **9+ acres of commercial land in Groveland, Florida** with **existing income-producing use** and significant future development potential. Located directly on **State Road 33**, this high-visibility **corner parcel** sits within one of Central Florida’s fastest-growing corridors, offering strong long-term upside for investors, developers, and owner-users.
The property is currently home to the well-established **Red Wing Restaurant**, a recognized local destination generating **ongoing cash flow**. The existing improvements include a fully operational restaurant building with **indoor dining and a large screened banquet/event space**, supporting private events, group gatherings, and expanded seating capacity.
While the current business provides immediate income, the true value lies in the **scale, location, and flexibility of this 9+ acre commercial site**.
Key highlights include:
* **9+ acres of commercial land in Groveland Florida**
* **High-visibility frontage on State Road 33**
* **Operating restaurant with established customer base**
* **Large corner lot with excellent access and exposure**
* **Income-producing asset with future redevelopment potential**
This property is well-positioned for a wide range of **commercial and hospitality uses**, including:
* Expansion of the existing restaurant or redevelopment into a larger dining destination
* Development of a **wedding venue, event barn, or agritourism concept**
* Creation of a **farm-to-table restaurant or hospitality experience**
* Mixed-use or commercial development aligned with surrounding growth
Located in Groveland within rapidly expanding **Lake County**, this site benefits from increasing residential density, rising demand for commercial services, and proximity to major Central Florida markets including Clermont, Minneola, and Orlando.
Large-acreage commercial parcels with **existing income and development potential** are becoming increasingly difficult to find in this area. This offering provides a unique combination of **current cash flow, prime location, and long-term investment upside**.
If you are searching for **commercial land for sale in Groveland Florida**, a **restaurant property with land**, or a **development opportunity in Lake County**, this property stands out as a high-potential investment.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,600,000 | $1,600,000 | $1,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.239% | 6.235% | 6.164% |
| Monthly Tax Payment | $396 | $396 | $396 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,337 | $9,722 | $13,502 |
| Total Monthly Payment | $9,858 | $10,243 | $14,023 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.