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Property profile

1965 Memorial Blvd Lakeland, FL 33805

OFF-MARKET
Retail properties & Spaces
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3.67 ac lot

Property summary

AI-generated overview

This exceptional opportunity presents three individual land parcels totaling 3.67 acres situated at 1965 W Memorial Blvd, Lakeland, FL 33805. These parcels, with individual sizes of 1.31 acres, 1.16 acres, and 1.20 acres, offer significant flexibility. Two adjacent lots (1.16 and 1.20 acres) can be combined for a total of 2.36 acres. The property is zoned BPC-2, permitting a variety of retail uses including restaurants, financial institutions, convenience stores, and gas stations. The land is pad-ready, graded, with utilities stubbed and off-site retention already in place, minimizing development costs and expediting the construction process. Parcel IDs are 23-28-11-036102-000040, 23-28-11-036102-000060, and 23-28-11-036102-000070. The location boasts excellent visibility and accessibility, with full lighted access from W. Memorial Blvd and Wabash Ave. High traffic volume is assured, with a 28,500 AADT count on W. Memorial Blvd. Strategic proximity to major thoroughfares enhances its appeal: I-4 (1.1 miles), Lakeland Linder International Airport (4.4 miles), and US-98 (2.2 miles). The site benefits from its location near established businesses such as Burger King, Taco Bell, Wendy's, and Hardee's, indicating strong existing demand. Furthermore, its proximity to Publix headquarters, a major employer in Lakeland and Polk County, contributes to a high daytime population. The area also houses numerous distribution, supply chain, and logistics businesses, including Amazon, Walmart, Ikea, Southern Wine & Spirits, FedEx, and Medline Industries. A significant student population from various schools and colleges, including Kathleen High School and Florida State College, further strengthens the market potential.

Property profile

Verified
Property type Retail properties & Spaces
Lot 3.67 ac (159,865 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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