Ridgecrest Plaza 40230 US Highway 27 N 21,363 SF 100% Leased Retail Building Davenport, FL 33837 $6,900,000 ($322.99/SF) 6.26% Cap Rate

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.