518 Memorial Boulevard, FL518 Memorial Boulevard, FL518 Memorial Boulevard, FL
Stellar MLS
1 / 24

$525,000

518 Memorial Boulevard

Lakeland, FL 33801

Listing updated: August 16, 2026 at 10:33 AM ET

Active
Stellar MLSListing courtesy of Coldwell Banker Realty · David Plasencia, LLC · MLS #O6421987 · Active · 407-647-1211
0
Baths
4,130
Sq Ft
0.43
Acres
1970
Built
$107/sqft360° tour
Restaurant

Property type

1970

Year built

9,405 sqft

Lot size

$107

Price / sq ft

No HOA

HOA dues

37

Days on market

X

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

Principal & interest$2,655
Property taxes$268
Home insurance (est.)$241

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

  1. Status: Active
    Jul 10, 2026
  2. Listed$559,000
    Jul 10, 2026
  3. 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

Ask about this home

Have a question? Ask the broker directly.

Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.

Your question is private and goes only to Ryan — it is never published on this page.

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 riskFEMA Zone XPanel 12105C0315G

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.

More homes like this

MLS GRID

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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA