Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3130 N Us Highway 98 Lakeland, FL 33805

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,417,000

    Restaurant property with long-term lease and annual rent increases.

    Property size:
    5,142 SF
    Lot size:
    1.09 Acres

    Property Features for 3130 N Us Highway 98

    General Information

    Size
    5,142 SF
    Lot size
    1.09 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeland Restaurant Property For Sale

    This property is a restaurant with a tenant in place who has over 12 years remaining on the lease. The lease includes six 5-year options to extend. The lease agreement features 2% annual rent increases throughout the initial term and at the beginning of each option period. The property is located in Lakeland, FL. Bob Evans operates over 450 locations across 18 states. The property contains 5,142 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bob Evans Family Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9674478
    Latitude
    28.0817184

    Nearby Similar for Sale

    • $1,500,000
      3,192 SF

      Turnkey Restaurant and Bakery Opportunity

      Restaurant and bakery in Lakeland, ready for immediate re-opening.
      830 E Main St, Lakeland, FL 33801
      View Details
    • $1,390,000
      8,348 SF

      Lakeland Multifamily Investment Opportunity

      Renovated 12-unit apartment building in Lake Morton Historic District.
      915 E Palmetto St, Lakeland, FL 33801
      View Details
    • $399,999
      2,432 SF

      Lakeland Office Building For Sale

      Office building with new roof and windows, great parking.
      932 Swann Dr, Lakeland, FL 33809
      View Details
    • New
      $595,000
      2,305 SF

      Versatile C-1 Zoned Lakeland Office

      C-1 zoned property with character, function, and long-term potential.
      304 Doris Dr, Lakeland, FL 33813
      View Details
    • $595,000
      2,305 SF

      Versatile Commercial Property in Lakeland

      C-1 zoned property with character, function, and long-term potential.
      304 Doris Dr, Lakeland, FL 33813
      View Details
    • $450,000
      1,177 SF

      Remodeled Restaurant Space in Lakeland

      Turnkey restaurant space with indoor and outdoor seating in Lakeland.
      1349 N Combee Rd, Lakeland, FL 33801
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant property with long-term lease and annual rent increases.
    Where is this conventional restaurant located?
    The property is located at 3130 N Us Highway 98 Lakeland, FL.
    What is the asking price?
    The asking price for this property is $3,417,000.
    What are key features of this property?
    This property features: - Tenant has 12+ years remaining on the lease.; - Lease includes 6 (5-year) options to extend.; - Lease has 2% annual rent increases.
    (202) 286-1542
    Request Owner's contact information
    3130 N Us Highway 98 Lakeland, FL 33805
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3130 N Us Highway 98
    Lakeland, FL 33805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3130 N Us Highway 98 Lakeland, FL 33805
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.