12500 STATE ROAD 33, Groveland, FL, 34736 | $2,000,000

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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Features

  • Property Type: Restaurant
  • Construction: Block, Stone, Stucco
  • Utilities: Phone Available, Private
  • Garage: Deeded, Ground Level, Over 30 Spaces, RV Parking
  • Levels: 1
  • Heating: Central, Heat Pump, Zoned
  • Cooling: Central Air, Zoned
  • Lot Size: 716 x 724 x 651 x 480
  • Year Built: 1964
  • Approx Sq. Feet: 2,346
  • Acreage: 9.29
  • Est. Taxes: $4,746
  • Lot Desc: Corner Lot, Street Lights
  • Appliances: Dishwasher, Microwave, Refrigerator
  • MLS#: O6347931
  • Days on Market: 180 days
  • Website: https://www.raveis.com
    /prop/O6347931/12500stateroad33_groveland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). 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. (last updated 4/9/2026 11:39:06 AM)
Listing courtesy of CENTURY 21 CARIOTI   Phone: 407-573-2121

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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12500 STATE ROAD 33, Groveland, FL, 34736

$2,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

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.