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Listing provided courtesy of RE/MAX PREMIER REALTYas Distributed by MLSGrid- MLS# MFRG5112936MLS Provider

503 PALMETTO STREETEUSTIS, FL 32726

Commercial · 807 Sq. ft. | 0.15 Acres
$385,000 Active

503 PALMETTO STREET Overview

Time on Site:
28 days
Visits:
0

A rare opportunity to own a piece of local history! Formerly the community's beloved barbecue destination, this iconic BBQ restaurant served generations of loyal customers and was known for its walk-up service window, authentic smoked meats, and hometown charm. Situated on 3 PARCELS totaling approximately 5 ACRES, this unique property is perfectly positioned on the corner of Palmetto Street and E. Bates Avenue. 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. 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

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503 PALMETTO STREET Facts & Features

  • Type Commercial
  • Sq. ft. 807
  • Price/Sq.ft. $477
  • Lot 0.15 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1970

Location/Region

  • Country: US
  • County Or Parish: Lake
  • MLS Area Major: 32726 - Eustis
  • Subdivision Name: EUSTIS HOGANS SUB
  • Township: 19

Tax Information

  • Tax Annual Amount: 1826
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Commercial Financing
  • Ownership: Fee Simple
  • Parcel Number: 12-19-26-1300-00E-00012
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: MCR

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 1659
  • Building Area Units: Square Feet

General Information

  • Building Features: Bathrooms
  • Cooling: None
  • Flooring: Concrete,Tile
  • Foundation Details: Slab
  • Heating: Natural Gas
  • Levels: One
  • Living Area: 807
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Window Features: Display Window(s)

Exterior

Parking Information

  • Parking Features: Ground Level

Lot Information

  • Additional Parcels Description: 12-19-26-1300-00E-00000, 12-19-26-3100-00D-00000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.15
  • Lot Size Square Feet: 6717
  • Number Of Lots: 3
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Metal

General Information

  • Other Structures: Storage
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Water Connected

503 PALMETTO STREET Neighborhood

Community

32726 (EUSTIS) Demographics

39
Median Age
1,683
Population Density (per sq. mile)
27%
College Educated
$50,439
Estimated Median Income
5,908
Estimated Total Home Owners
3,193
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

503 PALMETTO STREET Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

503 PALMETTO STREET Market Data

Based on the last 30 days in this zip code

$374,880
Average List Price
$199
Average Price per Square Foot
31
Properties Sold
108
Average Days on Market
179
Properties for Sale
Calculations provided by Reliance Network

503 PALMETTO STREET History

Date Event Value Agent
6/1/2026Source: My Florida Regional MLS Added to Database
June 01, 2026