$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