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$1,290,000 Just Listed
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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.
Full Property Details
Full Property Details for 6500 Miami Dr
General
- Price: $1,290,000
- Taxes: $13,121 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: O6426717
- Updated: 7/26/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Bathrooms, Columns, Common Lighting, Extra Storage, Fencing, Furnished, Kitchen Facility, On Site Shower, Seating, Solid Surface Counter, Stone Counter
Parking
- Parking Features: Curb Parking, Ground Level, Lighted
Location
- Area: 33855 - Indian Lake Estates/Lake Wales
- County: Polk
- Development Name: 33855 - Indian Lake Estates/Lake Wales
- Subdivision: INDIAN LAKE ESTATES
- Driving Directions: From SR-60, turn onto DeLand Ave.
- Direction Faces: North
Community
- Community Name: 33855 - Indian Lake Estates/Lake Wales
Heating & Cooling
- Cooling Type: Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Brick, Concrete
- Basement Desc.: Finished, Interior Entry
- Roof: Concrete
- Stories/Levels: One
- Square Feet: 12,480
- Year Built: 1966
Lot Features
- Lot Size (Acres): 0.98
- Lot Size (Sq. Ft.): 42,506
- Lot Size: 42506
- Lot Dimensions: 170 x 250
- Frontage: Street Lights, Street Paved, State Road
- Street/Road Desc.: Paved, Asphalt, Concrete
Financial Considerations
- Tax Amount: $13,121.51
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: INDIAN LAKE EST UNIT 17 PB 40 PG 50 ELY 1/2 TRACT 22 & TRACT 23 SEC 4 31 30
- Flood Zone Info: X
- APN: 303104994170000220
- Property ID: 303104994170000220
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Schools
Schools serving 6500 Miami Dr
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Ben Hill Griffin Jr Elementary School 501 McLeod Road, Frostproof, FL 33843 | PK-5 | 13.3 mi |
Frostproof Middle/Senior High School 1000 North Palm Avenue, Frostproof, FL 33843 | 6-8 | 13.1 mi |
Mclaughlin Middle School And Fine Arts Academy 800 South 4th Street, Lake Wales, FL 33853 | 6-8 | 16.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6500 Miami Dr
Date
Details
Price
Change
Source
7/26/2026
Listed
$1,290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6500 Miami Dr
6500 Miami Drive, Indian Lake Estates, FL 33855 (MLS# O6426717) is a Commercial property. 6500 Miami Drive is currently listed for $1,290,000 and was received on July 26, 2026. Want to learn more about 6500 Miami Drive? Do you have questions about finding other Commercial real estate for sale in Indian Lake Estates? You can browse all Indian Lake Estates real estate or contact a Coldwell Banker agent to request more information.

