Active

$1,290,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 12480 sq ft
Overview
  • ID: MFRO6426717
  • Bedrooms:
  • Bathrooms: 0
  • Size: 12480 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,290,000
HOA Fee:
N/A
Tax Amount:
$13121.51
Price per SqFt:
$103.37
Tax Legal Description:
INDIAN LAKE EST UNIT 17 PB 40 PG 50 ELY 1/2 TRACT 22 & TRACT 23 SEC 4 31 30
Exterior Features
Lot Size:
42506
Lot Features:
Central Business District, Corner Lot, Near Golf Course, Neighbourhood, Rural, Shopping Center, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Curb Parking, Ground Level, Lighted
Roof:
Concrete
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1966
Construction Type:
Block, Brick, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    6500 MIAMI DR
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