Commercial Sale · Restaurant
518 E MEMORIAL BOULEVARD, LAKELAND, FL, 33801
Active25 days on marketListed Jul 10, 2026MLS #O6421987
About this property
The property at a glance
Prime commercial opportunity in the heart of Lakeland's rapidly evolving Memorial Boulevard corridor. Situated on E. Memorial Boulevard (US 92), this freestanding restaurant enjoys exceptional frontage, outstanding visibility, and exposure along one of the city's busiest commercial thoroughfares. The Memorial Boulevard corridor is the focus of significant public and private investment aimed at attracting new businesses, revitalizing the area, and supporting continued economic growth. This approximately 4,130-square-foot turnkey restaurant is fully equipped for high-volume food service and offers everything needed to open or expand your business. The commercial kitchen features more than 20 gas burners, a full commercial hood and exhaust system, spacious food preparation areas, and oversized walk-in cooler and freezer. The sale includes the dining furniture and over $60,000 in restaurant equipment, providing substantial value and reducing startup costs. Guests and staff will appreciate approximately 43 parking spaces, with additional parking available on the adjacent parcel (Parcel ID 24-28-07-171000-005030). A recently installed HVAC system adds further value. The location is minutes from Downtown Lakeland, Lakeland Regional Health, Bonnet Springs Park, hotels, retail centers, government offices, and numerous established businesses. Convenient access to Lakeland Hills Boulevard, US 98, and I-4 provides connectivity to both the Tampa and Orlando metropolitan markets, making this an ideal destination for local customers and regional visitors alike. Whether you're launching an independent concept, expanding an existing restaurant, or bringing a national franchise to Lakeland, this highly visible, fully equipped property presents a rare opportunity in one of Central Florida's fastest-growing commercial corridors.
4,912
Building sq ft
$114
Price / sq ft
0.43
Lot acres
1970
Year built
1
Building
C-2
Zoning
Restaurant
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$2,942/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Robert to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
536
Population
$19,005
Median income
44
Median age
2
Avg household
$162,338
Median home value
$1,070/mo
Median rent
64%
Households w/ kids
Consumer profile
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Intentionally preserving memories of lost loved ones, joyful times, or reflecting on painful experiences in the past.
Making it to church on Sunday, this population is drawn together by their devotion to, primarily Christian, religion. Common activities include worship services and bible studies.
These folks have their head in the game. Whether it's creating a card game tournament with friends or cheering on the home team, these people want to win.
Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
Recent sales
What actually sold near 518 E MEMORIAL BOULEVARD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$360,000
1046 MARTIN L KING JR AVENUE
2,400 sqft · $150/sqft · Sold May 15, 2025
$1,299,000
1512 E GARY ROAD
4,300 sqft · $302/sqft · Sold May 19, 2026
$800,000
924 S FLORIDA AVENUE
4,353 sqft · $184/sqft · Sold Mar 12, 2026
Your team
The pros in your corner
Your agent
Robert Holmgren
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 518 E MEMORIAL BOULEVARD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 518 E MEMORIAL BOULEVARD.
See it in person
Schedule a tour
Live availability from Robert's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of COLDWELL BANKER REALTY · David Plasencia, LLC. MLS #O6421987.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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