DinaG. Hunter, PA
SQUARE FEET12,480
MLS#O6426717
STATUSActive
PROPERTY TYPECommercial -
SUBDIVISIONINDIAN LAKE ESTATES
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.
Property Features
Property Type: Commercial -
Cooling: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Lot Size: 0.98 Acres
Roof Type: Concrete
Stories: 1.0
Taxes: $13,121
Year Built: 1966
Feature Descriptions
Building: Bathrooms, Columns, Common Lighting, Extra Storage, Fencing, Furnished, Kitchen Facility, On Site Shower, Seating, Solid Surface Counter, Stone Counter
Directions: From SR-60, turn onto DeLand Ave.
Exterior: Block, Brick, Concrete
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash
Lot: Central Business District, Corner Lot, Near Golf Course, Neighbourhood, Rural, Shopping Center, Sidewalk, Street Lights, Paved
Lot Dimensions: 0.98
Other Equipment: Satellite Dish
Ownership: Fee Simple
Parking: Curb Parking, Ground Level, Lighted
Parking Notes: Curb Parking, Ground Level, Lighted
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Sale Includes: Building(s) and Land, Furniture/Fixtures, Leases
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Vegetation: Mature Landscaping, Oak Trees, Wooded, Trees/Landscaped
Water Access Y/N: No
Zoning: PUD
Listed By / Shown By
Listed By
Agency Name: REALTY HUB
Agency Contact: 888-900-1801
Shown By
Agent Name: Dina G. Hunter, PA
Agent Phone: (813) 404-7867 Cell
Agency Title: Florida Executive Realty
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6500 Miami Drive | MLS# O6426717
This commercial property located at 6500 Miami Drive , Indian Lake Estates, FL 33855 is currently listed for sale with an asking price of $1,290,000. Search Indian Lake Estates real estate on dhunter.floridaexecutiverealty.com today.