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$1,290,000 - 6500 Miami Drive, INDIAN LAKE ESTATES

-
Bedrooms
-
Baths
12,480
SQ. Feet
0.98
Acres

Positioned at the highly visible corner of State Road 60 and the main entrance to Indian Lake Estates, this exceptional commercial plaza presents a rare value-add investment opportunity with the potential to generate an impressive 12.30% annual ROI. The property offers a diverse mix of income-producing and value-add spaces, including 2 fully renovated turnkey office/retail suites, 5 retail spaces, a garage unit, 1 flex space, a turnkey restaurant, and a sports bar. The office/retail suites and restaurant are move-in ready, while the retail spaces and sports bar are primed for tenant build-outs, allowing a new owner to customize and maximize rental income. The flex space offers additional upside with a full rehabilitation opportunity. Significant capital improvements have already been completed, including fresh exterior paint, a roof recoating, and new parking lot striping in 2024, reducing near-term maintenance costs. Located at the gateway to the Indian Lake Estates community with excellent frontage and exposure on SR-60, this property offers outstanding visibility, strong leasing potential, and long-term investment upside for both seasoned investors and owner-operators.

Essential Information

  • MLS® #:
    O6426717
  • Price:
    $1,290,000
  • Square Footage:
    12,480
  • Acres:
    0.98
  • Year Built:
    1966
  • Type:
    Commercial Sale
  • Sub-Type:
    Mixed Use
  • Status:
    Active

Community Information

  • Address:
    6500 Miami Drive
  • Area:
    Indian Lake Estates/Lake Wales
  • Subdivision:
    INDIAN LAKE ESTATES
  • City:
    INDIAN LAKE ESTATES
  • County:
    Polk
  • State:
    FL
  • Zip Code:
    33855

Amenities

  • Parking:
    Curb Parking, Ground Level, Lighted

Interior

  • Cooling:
    Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
  • # of Stories:
    1

Exterior

  • Lot Description:
    Central Business District, Corner Lot, Near Golf Course, Neighbourhood, Rural, Shopping Center, Sidewalk, Street Lights
  • Roof:
    Concrete
  • Foundation:
    Slab

Additional Information

  • Days on Market:
    18
  • Zoning:
    PUD

Listing Details

  • Listing Office:
    Realty Hub

Listing information courtesy of Realty Hub.

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Listing data comes from My Florida Regional MLS.

Listing information last updated on August 14th, 2026 at 2:54pm EDT.