Commercial Sale · Restaurant
503 PALMETTO STREET, EUSTIS, FL, 32726
Active54 days on marketListed Jun 1, 2026MLS #G5112936
About this property
The property at a glance
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
1,659
Building sq ft
$232
Price / sq ft
0.15
Lot acres
1970
Year built
2
Buildings
MCR
Zoning
Restaurant
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
$2,043/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 Eric 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
4,304
Population
$52,272
Median income
32
Median age
3
Avg household
$171,966
Median home value
$1,077/mo
Median rent
618
Households w/ kids
Consumer profile
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Recent sales
What actually sold near 503 PALMETTO STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$29,400
17195 US HIGHWAY 441 HIGHWAY UNIT 108
1,400 sqft · $21/sqft · Sold Sep 23, 2024
$75,000
17195 US HIGHWAY 441
Sold May 1, 2026
$16,740
30-38-38 E MAGNOLIA AVENUE
825 sqft · $20/sqft · Sold Aug 23, 2024
Your team
The pros in your corner
Your agent
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 503 PALMETTO STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 503 PALMETTO STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Listing courtesy of RE/MAX PREMIER REALTY · Rachel Rivera. MLS #G5112936.
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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