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30070535
30070536

40230 US-27, Davenport, FL 33837

GR
FL FLBK3232399, FL FL 3232399
Saunders Real Estate
TD
FL SL3444746
Saunders Real Estate
Listed by Saunders Real Estate
$6,900,000
98 days on market
Updated 98 days ago

Ridgecrest Plaza

Details
APN 272631708500010082
Property Type Retail
Sub Type Strip Center
Square Footage 21,473
Cap Rate 6.26%
NOI $431,839
Occupancy 100%
Price per SqFt $321
Acreage 2.160

Retail | 6.26% CAP | 21,473 SqFt

Marketing description

Established multi-tenant commercial center opportunity. The property is anchored by a diverse mix of national, regional, and local tenants, including Quest Diagnostics, Domino’s Pizza, Davenport Diner, Mendoza Pharmacy, along with multiple professional service and medical users. The property has been renovated and expanded in recent years to include a new roof, new paint, and updated landscaping. Positioned along U.S. Highway 27 with exposure to more than 75,000 vehicles per day, the center benefits from strong visibility and accessibility, immediate proximity to I-4 and AdventHealth, and continued residential growth throughout the surrounding area. Ongoing development in the trade area supports long-term demand and stability for retail and service-oriented uses.

Location Description

Located on US Highway 27 in Davenport, this property is a mere 3 miles south of Exit 55 on Interstate 4 and roughly 600 feet north of the Advent Health Hospital. The property features a traffic count along Highway 27 of over 75,000 cars/day. The surrounding area continues to see rapid residential and commercial growth, making this corridor a prime location for retailers and service providers alike.

Combined with a mix of restaurants, local businesses, and service providers along the corridor, the area surrounding US Highway 27 in Davenport is evolving into a vibrant hub supported by its strategic transportation access and rapidly expanding community base.

For more information please visit:
https://commercial.saundersrealestate.com/commercial-property-for-sale/40230-us-highway-27-davenport-fl-33837-sale/

Investment highlights

  • 650 ± FT from Advent Health Hospital

  • Roughly 3 miles south of exit 55 on I-4

  • 370 ± FT of frontage on US Highway 27

  • Ample parking available with 103 spaces

Listing Contacts

GR
FL FLBK3232399, FL FL 3232399
Saunders Real Estate
TD
FL SL3444746
Saunders Real Estate
Listed by Saunders Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$431,839.00
$35,986.58/mo

Valuation Metrics

0
DSCR
6.26%
Cap Rate
6.26%
ROI

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Additional Information

Name
Gary Ralston
License
FLBK3232399
Brokerage Phone
8637382246
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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