What can I do to lose weight while maintaining and even increasing my strength?

Here's my conundrum (probably not unfamiliar to some); Objectively, I'm in pretty good shape. I can bench press 235 pounds, I can squat close to 400, and I can run a mile in a little under six minutes. Problem is I don't look like I can do any of those things; while I put on bulk in my legs, arms, shoulders, back, and chest really well, all of my body fat gathers around my mid-section, giving me what seems like a permanent hour glass shape to my body. I already spend more than an hour a day in the gym; lifting weights and running on the elliptical (I can't do the treadmill because I have flat feet). My diet is pretty good, but I could be more extreme with it. I'm just looking for any advice on looking better. It depresses me that I work this hard and can do all those things I listed, but I don't look remotely like I can.