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Property profile & analytics
OFF-MARKET
Bars & Pubs

3415 County Rd 542 Lakeland, FL 33801-9518

1,853 SF 0.77 ac lot Built 1978
Entity Owned ~ Est. High Equity
Property ID
US18-4617879
Property summary
AI-generated overview

This exceptional Lakeland restaurant presents a unique sale-leaseback opportunity. Located at 3415 E County Rd 542, Polk County, Florida (zip code 33801), this fully renovated establishment boasts 4,253 square feet on a 0.77-acre lot. The property is zoned Commercial/Industrial and features new equipment, ensuring a smooth transition for the new owner. With over 100 seats and a consistent clientele, this restaurant generates a strong cash flow, offering a compelling 10% capitalization rate. The asking price is $1,000,000. The property's Assessed Parcel Number (APN) is 24-28-14-000000-044040. This turnkey operation is ready for immediate occupancy, available July 6th, 2023. The sale includes both the real estate and the established business, providing a complete and lucrative investment package. This is an ideal opportunity for an experienced restaurateur seeking a profitable venture with significant growth potential in a thriving Lakeland location. The property's prime location and established reputation make this a truly exceptional investment opportunity. Don't miss out on this chance to acquire a successful, high-cash-flow restaurant with significant upside.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1978
Total area 1,853 SF
Lot 0.77 ac (33,620 SF)
Zoning code C-3
APN 242814000000044040
UPID US18-4617879
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • M & ? Rumbas sport bar & grill Bar & Pub
  • Jaimor Investments d/b/a Rumba Bar & Grill Restaurant
  • M&M Rumba's Sports bar & Grill Bar & Pub
  • Lechonera rumba Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Alexs Plaza LLC
Alexs Plaza LLC
since 2026
Last sale
$230,000
5 recorded transactions
2026
$600,000
2025
Price N/A
2020
$230,000
2020
$230,000
2009
Price N/A
Zoning & alternative use
C-3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Commercial
General category COMMERCIAL
Zone area 19.43 ac
Source Realmo
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