805 35Th StDavenport, IA 52806

Property Details for 805 35Th St

Year built

1978

Lot size

0.84 AC

Property size (Sq ft)

7,194 SF

Property type

Office buildings

APN

P1415A01

APU

P1415A01

Description

This exceptional commercial property located at 805 W 35th Street in Davenport, Iowa, presents a compelling investment opportunity. The 7,194 square foot office building sits on a sizable 0.84-acre lot, offering significant potential for a variety of uses. Built in 1978, the single-tenant building is currently occupied but will be vacant within the next few months, providing immediate flexibility for the new owner. The property is zoned C-T, allowing for a range of commercial applications. The substantial square footage allows for owner-occupancy with the possibility of leasing a portion of the building to generate additional income. This presents a unique chance to establish a strong presence in a desirable Davenport location. Note that the property is situated in Flood Pan Zone AE. The asking price for this significant commercial property is $319,000. This is a rare opportunity to acquire a substantial office building in a prime Davenport location. The ample lot size and flexible zoning provide significant upside potential for future development or expansion. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,298,962

  6.5%

  $1,199,042

  7%

  $1,113,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,358

  Geo Method

  $937,018

• Alternative Use

  Use

  Valuation

  Residential

  $1,486,812

  Hospitality

  $1,361,912

  Educational

  $1,133,095

  Medical

  $1,172,064

  Retail

  $1,762,592

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5553

Longitude

-90.5846

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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