6500 MIAMI DR, INDIAN LAKE ESTATES, FL, 33855
$1,290,000
Commercial Sale
|
Living Area
12,480 Sqft
|
Lot Size
42,506 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6426717 | Year Built: | 1966 | |
| Basement: | Finished, Interior Entry | Building Features: | Bathrooms, Columns, Common Lighting, Extra Storage, Fencing, Furnished, Kitchen Facility, On Site Shower, Seating, Solid Surface Counter, Stone Counter | |
| Construction Materials: | Block, Brick, Concrete | Cooling: | Central Air, Mini-Split Unit(s), Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Polk | |
| Direction Faces: | North | Foundation Details: | Slab | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash | Lot Features: | Central Business District, Corner Lot, Near Golf Course, Neighbourhood, Rural, Shopping Center, Sidewalk, Street Lights, Paved | |
| Occupant Type: | Vacant | Other Equipment: | Satellite Dish | |
| Parking Features: | Curb Parking, Ground Level, Lighted | Property Condition: | Under Renovation | |
| Property Sub Type: | Mixed Use | Property Type: | Commercial Sale | |
| Road Frontage Type: | State Road | Road Responsibility: | Private Maintained Road | |
| Road Surface Type: | Asphalt, Concrete, Paved | Roof: | Concrete | |
| Showing Requirements: | Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Vegetation: | Mature Landscaping, Oak Trees, Wooded, Trees/Landscaped | |||
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