Turnkey Restaurant
1046 MARTIN L KING JR Ave Lakeland, FL 33805
1046 MARTIN L KING JR Ave, Lakeland, FL, 33805
$400,000
For Sale
$400,000
Turnkey restaurant-ready space with included equipment, two customer bathrooms, and a layout built for guest flow.
Property Size2,400 SF
Price / SF$166.67
Days on Market49
Property Features for 1046 MARTIN L KING JR Ave
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
(813) 464-0857
Listed by
Yordanka Henson · License #3374742
(813) 464-0857
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Yordanka Henson
Investment Insights
Based on property information with market context.
This property is a 2,400 square foot commercial space formerly designed for restaurant use and offered in turnkey condition. It includes essential appliances and all equipment is stated to be included and to stay with the purchase, supporting an immediate start for a food service concept. The interior includes a layout intended to create a welcoming flow for patrons and is served by two bathrooms for customer convenience.
Located at 1046 Martin L King Jr Ave in Lakeland, Florida, the space is described as being positioned in a prime, high-traffic area. The listing also notes moderate walkability and very bikeable access, which can be useful for operators planning for foot-traffic and convenient access.
For buyers or operators seeking a ready-to-open food service location, the existing restaurant buildout and included equipment can reduce upfront setup time compared with a raw shell. The property is presented as suitable for a restaurant, café, or bakery based on the former restaurant design and the turnkey presentation. The seller also indicates the space is available for lease, providing flexibility for tenants evaluating a near-term operating start.
Located at 1046 Martin L King Jr Ave in Lakeland, Florida, the space is described as being positioned in a prime, high-traffic area. The listing also notes moderate walkability and very bikeable access, which can be useful for operators planning for foot-traffic and convenient access.
For buyers or operators seeking a ready-to-open food service location, the existing restaurant buildout and included equipment can reduce upfront setup time compared with a raw shell. The property is presented as suitable for a restaurant, café, or bakery based on the former restaurant design and the turnkey presentation. The seller also indicates the space is available for lease, providing flexibility for tenants evaluating a near-term operating start.
Key Highlights
- 2,400 sq. ft. commercial space in Lakeland built in 1986
- Former restaurant space with appliances included and equipment included with purchase
- Two customer bathrooms for guest convenience
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $18.60 |
| − Vacancy | −$3.0k | −$1.26 |
| EGI | $41.6k | $17.34 |
| − OpEx | −$10.4k | −$4.33 |
| NOI | $31.2k | $13.00 |
2,400 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$445.8K
$390.0K – $520.1K
NOI $31,203 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.7K
$504.7K – $672.9K
NOI $40,372 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Uncle Apps
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- China Buffet — 901 E Memorial Blvd, Lakeland, FL 33801
- Hibachi Buffet — 901 E Memorial Blvd, Lakeland, FL 33801
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant-ready space with included equipment, two customer bathrooms, and a layout built for guest flow.
Where is this conventional restaurant located?
The property is located at 1046 MARTIN L KING JR Ave Lakeland, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,400 sq. ft. commercial space in Lakeland built in 1986; Former restaurant space with appliances included and equipment included with purchase; Two customer bathrooms for guest convenience
