2324 63Rd StDavenport, IA 52806

Property Details for 2324 63Rd St

Year built

1996

Construction

FRAME

Lot size

0.39 AC

Property size (Sq ft)

2,400 SF

Property type

Office buildings

APN

W0439C02

APU

W0439C02

Description

This vacant commercial property at 2324 W 63rd St, Davenport, IA 52806, presents a unique investment opportunity. The building, constructed in 1996 and classified as Class B, offers 4,800 square feet of usable space, divided equally between a finished main level and lower level. The layout includes multiple private offices, conference rooms, and breakrooms with plumbing, along with a dedicated training room. The property sits on a 0.77-acre lot and benefits from ample parking with 20 spaces, plus a substantial 24' x 36' garage ideal for storage. Recent improvements include a new roof and siding installed in 2023, enhancing the building's curb appeal and longevity. A backup generator is included, ensuring business continuity during power outages. The property is zoned C-1 and offers significant potential for a variety of commercial uses. The asking price is $365,000.

• CAP approach

  CAP return

  Valuation

  6%

  $433,348

  6.5%

  $400,014

  7%

  $371,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,656

  Geo Method

  $312,600

• Alternative Use

  Use

  Valuation

  Residential

  $496,017

  Hospitality

  $454,349

  Educational

  $378,013

  Medical

  $391,014

  Retail

  $588,021

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5863

Longitude

-90.611

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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