140 55Th StDavenport, IA 52806

Property Details for 140 55Th St

Year built

1996

Construction

FRAME

Lot size

2.08 AC

Property size (Sq ft)

31,662 SF

Property type

Hotels

Property subtype

Motels

APN

X1123-28

APU

X112328

Description

This exceptional investment opportunity presents the Country Inn & Suites Davenport, a 69-room hotel ideally situated at 140 E 55th St, Davenport, IA 52806. Boasting a substantial 31,854 square feet of space on a 2.05-acre lot, this established hotel, built in 1996, offers ample parking with a generous 1.11 spaces per room. The asking price is $3,599,999, translating to an attractive $52,174 per key and $113.02 per square foot. This property benefits from a strong local demographic with a growing population and increasing household incomes, presenting a compelling investment case within a thriving market. The hotel's location in Scott County, Iowa provides convenient access to local amenities and attractions. This offering is presented on a confidential basis, and a disclaimer applies. Detailed financial information and supporting documentation are available upon request. This is a rare opportunity to acquire a well-established hotel in a desirable location with significant growth potential. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $6,493,502

  6.5%

  $5,994,002

  7%

  $5,565,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,553,904

  Geo Method

  $9,691,342

• Alternative Use

  Use

  Valuation

  Residential

  $6,543,709

  Hospitality

  $5,994,002

  Educational

  $4,986,940

  Medical

  $5,158,448

  Retail

  $7,757,462

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.577

Longitude

-90.5722

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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