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Philip & Perrine Dowling

perrine@dowlingteam.com +1(239) 537-3332

$1,290,000

Est. payment - /mo

12,480 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,480 sqft

Price per Sqft $103

Subdivision Indian Lake Estates

MLS Listing ID O6426717

Construction Status Under Renovation

HOA Y/N No

Year Built 1966

Annual Tax Amount $13,121

Lot Size 0.980 Acres

Acres 0.98

Lot Dimensions 170x250

Property Sub-Type Mixed Use

Source Stellar MLS

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.

Location

State FL

County Polk

Community Indian Lake Estates

Area 33855 - Indian Lake Estates/Lake Wales

Zoning PUD

Interior

Cooling Central Air, Mini-Split Unit(s), Wall/Window Unit(s)

Exterior

Parking Features Curb Parking, Ground Level, Lighted

Water Access No

Roof Type Concrete

Exposure North

Building

Lot Description Central Business District, Corner Lot, Near Golf Course, Neighbourhood, Rural, Shopping Center, Sidewalk, Street Lights, Paved

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Block,Brick,Concrete

New Construction false

Construction Status Under Renovation

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6426717

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Listed by Daniel Colombo REALTY HUB

6500 MIAMI DR Indian Lake Estates, FL 33855