Freestanding Restaurant with
For Sale
$559,000
518 E MEMORIAL BOULEVARD, Lakeland, FL 33801
Turnkey freestanding restaurant with extensive kitchen infrastructure, dining furnishings, and about 43 parking spaces.
Property Size4,130 SF
Price / SF$135.35
Days on Market46
Property Features for 518 E MEMORIAL BOULEVARD
General Information
Standard status
Active
Size
4,130 SF
Total Parking Spaces
43
Property subtype
Commercial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$3,217
Building Details
Building Size
4,130 SF
Year Built
1970
Listing Agency:
COLDWELL BANKER REALTY
(407) 579-9369
Listed By:
David Plasencia, LLC
(407) 579-9369
Source:
Mbifloridarealty
Added: Jul 10
Changed: Aug 24
Last Checked: Aug 23 at 8:46AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This freestanding restaurant is offered as a turnkey operation, with dining furniture and included restaurant equipment intended to support high-volume food service. The commercial kitchen is equipped with a full hood and exhaust system, more than 20 gas burners, spacious food preparation areas, and oversized walk-in cooler and freezer. A recently installed HVAC system is also included.
The property is located on E. Memorial Boulevard (US 92) and is positioned for strong visibility along a commercial corridor. It provides approximately 43 parking spaces, with additional parking available on an adjacent parcel identified as 24-28-07-171000-005030.
With convenient connectivity to Lakeland Hills Boulevard, US 98, and I-4, the location supports access to both the Tampa and Orlando metropolitan markets.
The property is located on E. Memorial Boulevard (US 92) and is positioned for strong visibility along a commercial corridor. It provides approximately 43 parking spaces, with additional parking available on an adjacent parcel identified as 24-28-07-171000-005030.
With convenient connectivity to Lakeland Hills Boulevard, US 98, and I-4, the location supports access to both the Tampa and Orlando metropolitan markets.
Key Highlights
- Freestanding restaurant built in 1970 on E. Memorial Boulevard (US 92) with approximately 4,130 SF.
- Fully equipped commercial kitchen with more than 20 gas burners plus full commercial hood and exhaust system.
- Oversized walk‑in cooler and freezer, along with spacious food preparation areas.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,690
Businesses Nearby
115k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 37%
Groceries 5%
Electronics 3%
McDonald's
Dining
22,127 visits/mo
0.1 miles
7-Eleven
Shops & Services
20,624 visits/mo
0.2 miles
Checkers
Dining
9,142 visits/mo
0.4 miles
Dollar General
Shops & Services
7,355 visits/mo
0.1 miles
Krystal
Dining
7,252 visits/mo
0.1 miles
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- China Buffet — 901 E Memorial Blvd, Lakeland, FL 33801
- Hibachi Buffet — 901 E Memorial Blvd, Lakeland, FL 33801
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey freestanding restaurant with extensive kitchen infrastructure, dining furnishings, and about 43 parking spaces.
Where is this conventional restaurant located?
The property is located at 518 E MEMORIAL BOULEVARD Lakeland, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Freestanding restaurant built in 1970 on E. Memorial Boulevard (US 92) with approximately 4,130 SF.; Fully equipped commercial kitchen with more than 20 gas burners plus full commercial hood and exhaust system.; Oversized walk‑in cooler and freezer, along with spacious food preparation areas.
