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518 E MEMORIAL BLVD Lakeland, FL 33801
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Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Restaurant
Listing Status Sold
Purchase Type For Sale
Square Footage 4,130 sqft
Price per Sqft $127
Subdivision Bon Air Add
MLS Listing ID O6421987
Sold Date 09/24/26
HOA Y/N No
Year Built 1970
Annual Tax Amount $3,217
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Restaurant
Source Stellar MLS
Property Description
Prime commercial opportunity in the heart of Lakeland's rapidly evolving Memorial Boulevard corridor. Situated on E. Memorial Boulevard (US 92), this freestanding restaurant enjoys exceptional frontage, outstanding visibility, and exposure along one of the city's busiest commercial thoroughfares. The Memorial Boulevard corridor is the focus of significant public and private investment aimed at attracting new businesses, revitalizing the area, and supporting continued economic growth.
This approximately 4,130-square-foot turnkey restaurant is fully equipped for high-volume food service and offers everything needed to open or expand your business. The commercial kitchen features more than 20 gas burners, a full commercial hood and exhaust system, spacious food preparation areas, and oversized walk-in cooler and freezer. The sale includes the dining furniture and over $60,000 in restaurant equipment, providing substantial value and reducing startup costs.
Guests and staff will appreciate approximately 43 parking spaces, with additional parking available on the adjacent parcel (Parcel ID 24-28-07-171000-005030). A recently installed HVAC system adds further value.
The location is minutes from Downtown Lakeland, Lakeland Regional Health, Bonnet Springs Park, hotels, retail centers, government offices, and numerous established businesses. Convenient access to Lakeland Hills Boulevard, US 98, and I-4 provides connectivity to both the Tampa and Orlando metropolitan markets, making this an ideal destination for local customers and regional visitors alike.
Whether you're launching an independent concept, expanding an existing restaurant, or bringing a national franchise to Lakeland, this highly visible, fully equipped property presents a rare opportunity in one of Central Florida's fastest-growing commercial corridors.
Location
State FL
County Polk
Community Bon Air Add
Area 33801 - Lakeland
Zoning C-2
Interior
Heating Central
Cooling Central Air
Flooring Tile
Appliance Refrigerator
Exterior
Utilities Available Electricity Available, Natural Gas Available, Public, Water Connected
View Y/N No
Water Access No
Roof Type Other,Shingle
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction false
Others
Ownership Fee Simple
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Chelsey Palmowski CENTURY 21 MYERS REALTY
NEARBY SCHOOLS & BUSINESSES
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