


$525,000
518 Memorial Boulevard
Lakeland, FL 33801
Listing updated: August 16, 2026 at 10:33 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history37 days on market
- Status: ActiveJul 10, 2026
- Listed$559,000Jul 10, 2026
- Price reduced$525,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Restaurant
- Status
- Active
- Days on market
- 37
- Subdivision
- Bon Air Add
- County
- Polk
- Year built
- 1970
- Living area
- 4,130 sq ft
- Price/sq ft
- $107
- Building area
- 4,912 sq ft (Public Records)
- Lot size
- 9,405 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12105C0315G)
- Annual taxes
- $3,217 (2025)
- Parcel #
- 24-28-07-171000-005040
- Zoning
- C-2
- MLS #
- O6421987
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Interior Details
- Flooring
- Tile
- Appliances
- Refrigerator
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Commercial Financing
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Block, Brick
- Roof
- Other, Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Natural Gas Available, Public, Water Connected
Listing Details
- Listing date
- 2026-07-10
- On market date
- 2026-07-10
- Original list price
- $559,000
- MLS area
- 33801 - Lakeland
- Listing AOR
- Orlando Regional
- Status changed
- 2026-07-10
- Tax legal description
- BON AIR ADD PB 1 PGS 114 & 115 BLK 5 LOT 4 LESS HWY
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From the surrounding Lakeland area, travel along E. Memorial Boulevard (US-92) toward downtown Lakeland. Continue on E. Memorial Boulevard until you reach 518 E. Memorial Hwy., Lakeland, FL 33801. The property is located on the right-hand side of the road, just east of N. Florida Avenue, making it easily accessible from the main roadway.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of August 16, 2026 at 10:33 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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