40230 US Highway 27 N - Storefront FOR SALE


Davenport, FL 33837- North Polk
$6,900,000 USD
863-877-2829
40230 US Highway 27 N, Davenport, FL for Sale
$6,900,000 USD
Storefront - FOR SALE
1/7
null | 6.26% Cap Rate

40230 US Highway 27 N
Davenport, FL 33837
North Polk


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

OVERVIEW

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 SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgecrest Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

Commercial

APN/PARCEL ID

27-26-31-708500-010082

ASK ABOUT THIS PROPERTY

Tyler Davis, ALCSaunders Real EstateMore Info
863-877-2829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tyler Davis, ALCSaunders Real EstateMore Info
863-877-2829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.