518 E MEMORIAL BLVD, Lakeland, FL 33801
$525,000
$525,000
Est.Price: ?

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4,130 SqFt

518 E MEMORIAL BLVD Lakeland, FL 33801

Est. payment /mo
SOLD DATE : 09/24/2026

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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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Stellar MLS
Listed by David Plasencia, LLC COLDWELL BANKER REALTY
Bought with Chelsey Palmowski CENTURY 21 MYERS REALTY

NEARBY SCHOOLS & BUSINESSES

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Marlon Persaud

Marlon Persaud

Agent License ID: SL3362985

+1(407) 760-9778

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