1708 State StBettendorf, IA 52722

Property Details for 1708 State St

Year built

1912

Lot size

0.17 AC

Property size (Sq ft)

4,498 SF

Property type

Bars

Property subtype

Pubs

APN

84286210811

APU

84286210811

Description

This 4,498 square foot commercial building, located at 1708 State Street in Bettendorf, Iowa, presents a unique investment opportunity. Currently operating as a long-standing bar, the property offers significant potential for continued operation under new ownership or redevelopment. The single-level building boasts attractive curb appeal with a brick facade and ample street frontage. The property sits on a 0.16-acre lot. The existing bar and back bar fixtures are owned by the current tenant, who is interested in remaining in the space under new ownership. Showings require coordination due to the current tenant's occupancy. This property is being offered at $349,000. Note that adjacent properties at 1716 and 1720 State Street are also available for purchase, presenting the possibility of acquiring a larger contiguous parcel. This presents a rare chance to acquire a well-located commercial property in a thriving area, suitable for a variety of uses, subject to tenant rights. The property's established history as a bar provides a strong foundation for continued success in the hospitality industry, or it could be easily adapted to suit other commercial ventures. The building's size and layout offer flexibility for various business models. Serious inquiries are encouraged to explore this promising investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,193,886

  6.5%

  $1,102,048

  7%

  $1,023,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,150,761

  Geo Method

  $1,476,378

• Alternative Use

  Use

  Valuation

  Residential

  $929,619

  Hospitality

  $851,526

  Educational

  $708,460

  Medical

  $732,825

  Retail

  $1,102,048

Location Insight

City

Bettendorf

County

Scott

State

Iowa

Latitude

41.5255

Longitude

-90.5082

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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