
E Memorial Freestanding High Visibility Property
Retail | 8.72% CAP | 2,200 SqFt
Marketing description
High visibility (37k traffic/day) freestanding property with great truck access and tons of parking space off growing area on E Memorial Blvd in Lakeland! This Turn Key property is ready to go and already profitable with 4 tenants (including owner in one section), yet has options for new owner to use space right away if desired! Corner of property includes 3 tractor trailers and metal building for additional storage space! Main showroom is leased to reliable-rent paying smoke shop business who have done significant tenancy improvements, as well as many other renovation improvements to the property in the past 3 years including:
--New Roof (2022) by licensed contractor and proper permitting which included joist assessment and reinforcement throughout building, new sheeting under roof layers where water damaged, and new flashing where needed.
--Bathroom layout redesigned (2022) by architect and renovated by licensed general contract including new drawings and proper permitting, allowing retail business to comply with contra d country requirements for opening.
--Licensed plumbing upgrades (2022) to property including connecting water line to city utility.
--Major cosmetic improvements including new ceiling tiles, painting and carpentry throughout showroom (2022).
--Power washing and painting exterior of building (2022). Front of building has been painted multiple times by tenants since then.
--Chain Link Fence construction (2025) separating parking lot from back yard area, including 4 new access gates to yards on both sides of the building and new gate in area protecting air conditioning unit. ***NOTE-- PHOTOS IN THIS PROMOTION MAY BE OUTDATED AND NOT SHOW THE NEW CHAINLINK FENCE***
-- Showroom improvements by new tenant (2025) electrical switches, plugs, and lights added and upgraded through showroom, new flooring, new slatted walls, new security bars installed over windows and doors, retail display casing throughout, yard security light, security system with alarm and cameras, and more.
--ACT Environmental Phase 1 Assessment (2021) ensuring environmental due diligence to property, no findings of concern.
Investment highlights
—Great retail visibility, appx 37000+- vehicles, along E Memorial Blvd
—Excellent truck access and large, dual access parking area
—Freestanding building without HOA
Listing Contacts

Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?












