For Sale
$369,900

2332 Eastern Ave Davenport, IA 52803

Prime Davenport investment: income-producing office.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional commercial property at 2332 Eastern Avenue, Davenport, Iowa, presents a compelling investment opportunity. Priced at $369,900, this property combines land and a single-building office space, offering immediate income generation and significant long-term potential. Currently leased until November 2026, the building provides a consistent monthly income of $1,000 for its 1,620 square feet. The versatile layout is easily adaptable to suit a variety of business needs. The building boasts a wealth of features including ten individual offices, four bathrooms, and two kitchenettes, ensuring ample space and convenience for occupants. Significant storage is available, complemented by a 540-square-foot basement. The property benefits from a recently updated HVAC system with four units, ensuring efficient climate control. Located in Scott County, Iowa, with a Davenport zip code of 52803, this property offers a strategic location within a thriving community. The existing lease provides a secure return on investment, while the adaptable space allows for future growth and diversification of income streams. This is a rare opportunity to acquire a profitable commercial property with immediate cash flow and substantial upside potential. The property's features and location make it an ideal investment for both seasoned and emerging commercial real estate investors.

Highlights

  • $369,900 asking price.
  • Land and office property in Davenport, IA.
  • One building, 1,620 square feet.
  • Currently leased until November 2026, generating $1,000/month in income.
  • Features four bathrooms, ten offices, two kitchenettes, ample storage, and a 540-square-foot basement.
  • Updated with four HVAC units.

Property Details for 2332 Eastern Ave

Property type
Office properties, Land
Buildings
1

Location Insight

City
Davenport
County
Scott
State
Iowa
Latitude
41.543545
Longitude
-90.5518209

FAQs

What type of property is this?
Office property - Prime Davenport investment: income-producing office.
Where is the office property located?
The property is located at 2332 Eastern Ave Davenport, IA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: $369,900 asking price.; Land and office property in Davenport, IA.; One building, 1,620 square feet.
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2332 Eastern Ave
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