$1,290,000
Active · 0 days on market · MLS# MFRO6426717
| Living area | 12,480 sq ft |
|---|---|
| Lot size | 0.98 acres |
| Year built | 1966 |
| Property type | Mixed Use |
| Waterfront | Yes |
| Annual taxes | $13,122 |
| County | Polk |
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.
Listing courtesy of Daniel Colombo, REALTY HUB. Presented by MC Homes Realty Inc · 727432218.