Commercial Sale · Business
131 N C 470, LAKE PANASOFFKEE, FL, 33538
Active147 days on marketListed Mar 12, 2026MLS #G5109493
About this property
The property at a glance
Huge price reduction!! This commercial property is in two separate but adjoining parcels that are zoned heavy commercial with 1314 sq. ft. concrete block building. The property is in a great location for a business on busy CR 470 and only 1/4 mile from I-75. There is approximately 60ft frontage on CR 470 and approx. 300 ft on CR 490. There is quite a bit of property that is not built on to allow for expansion. The property is .354 acres.
1,314
Building sq ft
$189
Price / sq ft
0.35
Lot acres
1957
Year built
1
Building
CH
Zoning
Business
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$1,368/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
5,748
Population
$48,951
Median income
47.6
Median age
2.13
Avg household
$157,200
Median home value
$1,005/mo
Median rent
692
Households w/ kids
Recent sales
What actually sold near 131 N C 470
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$291,000
126 S COMMERCIAL STREET
930 sqft · $313/sqft · Sold Jul 30, 2025
$220,000
800 S US 301
950 sqft · $232/sqft · Sold Aug 3, 2026
$250,000
985 CR 477
768 sqft · $326/sqft · Sold Feb 14, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 131 N C 470 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 131 N C 470.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of SUMTER REALTY · Joel Merritt. MLS #G5109493.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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