700 53Rd StDavenport, IA 52807

Property Details for 700 53Rd St

Year built

1996

Lot size

2.08 AC

Property size (Sq ft)

20,185 SF

Property type

Retail space

APN

X1219-14C

APU

X121914C

Description

This exceptional 22.78-acre industrial/commercial land tract in Davenport, IA, presents a unique build-to-suit opportunity. Located at 700 E 53rd St, 52807, this property offers significant development potential, boasting high traffic counts on Brady St and E 53rd St. The site is zoned I-1, but there's potential for rezoning to multifamily or C-2. Utilities including water, sewer, gas, and electric are readily available. The property comprises two parcels: an East Parcel of 10.9 acres and a West Parcel of 11.88 acres, offering flexibility for individual or combined purchase. This prime location benefits from a strong population density, with over 133,460 residents within a five-mile radius and a substantial daytime population exceeding 144,854 within the same area. Nearby established businesses include Wells Fargo Bank, AutoZone, Advance Auto Parts, NorthPark Mall, several hotels, Sam's Club, Kohl's, and Panera Bread, indicating a thriving commercial environment. This is an ideal location for a variety of commercial or industrial developments. The property's size and location make it an attractive investment opportunity with significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $5,357,623

  6.5%

  $4,945,498

  7%

  $4,592,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,164,098

  Geo Method

  $6,625,322

• Alternative Use

  Use

  Valuation

  Residential

  $4,171,712

  Hospitality

  $3,821,266

  Educational

  $3,179,249

  Medical

  $3,288,588

  Retail

  $4,945,498

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5752

Longitude

-90.5649

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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