421 Brady StDavenport, IA 52801

Property Details for 421 Brady St

Year built

1885

Lot size

0.22 AC

Property size (Sq ft)

15,934 SF

Property type

Retail space

APN

G0057-06

APU

G005706

Description

This exceptional commercial property located at 421 Brady Street presents a unique investment opportunity. The property consists of a single-tenant, 1,300 square foot building situated on commercially zoned land (C-D). The parcel is identified by APN G0057-06. Currently configured as a space with a fully built-out bar, the property offers significant flexibility. Its adaptable design allows for a variety of uses, making it ideal for a retail establishment or continued operation as a bar. The property is offered as a gross lease, with utilities paid by the tenant, providing a straightforward and predictable income stream. The single-building structure simplifies management and maintenance, minimizing operational complexities. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The zoning designation (C-D) allows for a range of commercial uses, providing future development potential. This is a rare opportunity to acquire a well-located, versatile commercial property with a proven track record. The existing build-out significantly reduces the initial investment required for a new tenant or business owner. The property's strong potential for return on investment makes it an attractive addition to any portfolio. Serious inquiries are encouraged to explore this promising venture.

• CAP approach

  CAP return

  Valuation

  6%

  $4,229,297

  6.5%

  $3,903,966

  7%

  $3,625,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,076,530

  Geo Method

  $5,230,017

• Alternative Use

  Use

  Valuation

  Residential

  $3,293,142

  Hospitality

  $3,016,500

  Educational

  $2,509,693

  Medical

  $2,596,005

  Retail

  $3,903,966

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5241

Longitude

-90.5737

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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