6500 Miami Drive, Indian Lake Estates, FL 33855
- $1,290,000
- 12,480
- SqFt
- List Price
- $1,290,000
- Status
- Active
- Days on Market
- 1
- MLS#
- O6426717
- Property Style
- Mixed Use
- Year Built
- 1966
- Living Area
- 12,480
- Lot Size
- 42,506
- Acres
- 0.98
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Indian Lake Estates
- MLS Area Major
- Indian Lake Estates/Lake Wales
Property Description
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.
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Additional Information
- Taxes Annual
- $13121
- Annual Gross Income
- 196800
- Location
- Central Business District, Corner Lot, Near Golf Course, Neighbourhood, Rural, Shopping Center, Sidewalk, Street Lights, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- PUD
- Air Conditioning
- Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
- Exterior Construction
- Block, Brick, Concrete
- Roof
- Concrete
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Curb Parking, Ground Level, Lighted
- Flood Zone Code
- X
- Parcel ID
- 30-31-04-994170-000220
- Legal Description
- INDIAN LAKE EST UNIT 17 PB 40 PG 50 ELY 1/2 TRACT 22 & TRACT 23 SEC 4 31 30
Listing courtesy of REALTY HUB. 888-900-1801
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