210 53Rd StDavenport, IA 52806

Property Details for 210 53Rd St

Year built

1986

Lot size

3.27 AC

Property size (Sq ft)

13,560 SF

Property type

Medical offices

Property subtype

Medical centers

APN

X1123-04B

APU

X112304B

Description

This exceptional 5,400 square foot standalone retail building presents a unique investment opportunity. Currently occupied by a pet supply store, Sam's Cats & Dogs Naturally, the property will be vacant by Summer 2024, offering a blank canvas for a new tenant. Its standalone design provides excellent visibility and accessibility, ideal for a variety of retail uses. The building's single-tenant occupancy ensures ease of management and streamlined operations. The spacious interior offers ample room for retail displays, storage, and potential office space. The property's location (specific address not provided) offers significant potential for attracting customers and building a thriving business. This is a rare opportunity to acquire a well-maintained, highly visible retail space in a desirable market. The building's size and layout provide flexibility for customization to suit the needs of a diverse range of businesses. Given the upcoming vacancy, prospective tenants have the chance to create a space perfectly tailored to their operations. This presents a compelling opportunity for both owner-occupiers and investors seeking a strong retail asset with significant upside potential. Serious inquiries are encouraged to explore this exceptional property further. Contact us today to schedule a viewing and discuss the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,448,419

  6.5%

  $2,260,079

  7%

  $2,098,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,376,654

  Geo Method

  $1,766,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,802,498

  Hospitality

  $2,567,073

  Educational

  $2,135,775

  Medical

  $2,209,227

  Retail

  $3,322,316

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5753

Longitude

-90.5758

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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