207 2Nd StDavenport, IA 52801

Property Details for 207 2Nd St

Year built

1908

Lot size

0.15 AC

Property size (Sq ft)

10,692 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

L0009-26

APU

L000926

Description

This exceptional three-story commercial building, located at 207 E 2nd Street in the heart of Davenport, IA, presents a compelling investment opportunity. Spanning 10,692 square feet on a 0.15-acre lot, the property boasts three established tenants, ensuring a steady income stream. The building is conveniently served by an elevator, providing easy access to all three floors. A shared parking lot, accessible from the alley, offers ample parking for tenants and their clients. This prime downtown location provides excellent visibility and accessibility, making it an ideal investment for those seeking a stable and potentially appreciating asset. The building's multi-tenant structure mitigates risk and offers diversification. Further details, including financial information and tenant lease agreements, are available upon execution of a Confidentiality Agreement. This is a rare opportunity to acquire a well-established commercial property in a thriving downtown area. Serious inquiries only. The asking price for this exceptional investment property is $780,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,393,904

  6.5%

  $2,209,757

  7%

  $2,051,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,682,503

  Geo Method

  $2,158,581

• Alternative Use

  Use

  Valuation

  Residential

  $2,209,757

  Hospitality

  $2,024,126

  Educational

  $1,684,049

  Medical

  $1,741,966

  Retail

  $2,619,632

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.521

Longitude

-90.5722

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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