Commercial Sale · Mixed Use
601 IMPERIAL BOULEVARD, LAKELAND, FL, 33803
Active103 days on marketListed Apr 18, 2026MLS #P4938490
About this property
The property at a glance
This excellent opportunity is located less than half a mile from South Florida Avenue in Lakeland. South Florida Avenue serves as the primary north–south corridor through Lakeland, connecting North Lakeland and Interstate 4 (I-4) to South Lakeland and the Polk Parkway, providing strong regional accessibility. The property is situated just a few blocks from Walmart and the Merchants Walk Shopping Center, within The Villas neighborhood. This location offers convenient access to a wide range of retail, dining, and daily amenities. The existing building encompasses approximately 2,087 square feet and features a large meeting hall, kitchen, and separate male and female restrooms. The site, combined with an additional parcel, totals approximately 1.35± acres and includes a pool and shuffleboard court. With electric, water, and sewer already in place, the property is well-positioned for straightforward repositioning or redevelopment. This site offers flexible potential for continued use as a neighborhood recreational facility or for rezoning to accommodate office or other low-intensity commercial uses. Additionally, there may be an opportunity to redevelop the property for multifamily use, including duplex, triplex, or quadplex configurations. All zoning, permitted uses, and redevelopment potential should be independently verified with the appropriate governing authority during the due diligence period.
2,087
Building sq ft
$350
Price / sq ft
1.35
Lot acres
1970
Year built
1
Building
RE-2
Zoning
Mixed Use
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
$3,690/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 David 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
1,540
Population
$63,007
Median income
36
Median age
2
Avg household
$183,783
Median home value
$1,350/mo
Median rent
100%
Households w/ kids
Consumer profile
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Looking good and reaching fitness goals is all about discipline: Eat right. Work hard. No excuses. This population is more likely to view working out as a means to an end.
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
Whether throwing punches at the boxing club or punching the clock at work, this population likes to talk about their hard work.
Asian culture has a lot to offer, but the Asian cuisine tends to be the most frequently referenced. This population is talking about Asian dishes, holidays, and drinks.
Family, and friends who are like family - that's what this population is all about. These people love celebrating and nurturing their closest relationships.
Recent sales
What actually sold near 601 IMPERIAL BOULEVARD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$282,500
1329 E MAIN STREET
2,039 sqft · $139/sqft · Sold Apr 30, 2025
$305,000
4444 HIGHLAND LANE
2,162 sqft · $141/sqft · Sold Feb 27, 2026
$399,000
114 PALMOLA STREET S
2,326 sqft · $172/sqft · Sold Nov 19, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 601 IMPERIAL BOULEVARD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 601 IMPERIAL BOULEVARD.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of KELLER WILLIAMS REALTY SMART 1 · David Reyes. MLS #P4938490.
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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