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About this home
6500 Miami Dr is a 1966-built home in Indian Lake Estates, Indian Lake Estates. Listed at $1,290,000 (about $103/sqft), 82 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
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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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$1,290,000
$103 per sq ft
Size
12,480 sq ft
Time on market
82 days
Year built
1966
Monthly payment
About $8,466/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $13,122 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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