736 Federal StDavenport, IA 52803

Property Details for 736 Federal St

Year built

1910

Lot size

0.87 AC

Property size (Sq ft)

159,973 SF

Property type

High-rise multifamily apartments

APN

F0061A01

APU

F0061A01

Description

This exceptional commercial property located at 736 Federal Street in Davenport, Iowa, presents a unique investment opportunity. The single-tenant building, encompassing 1,285 square feet, sits on a parcel identified by APN F0061A02 and is zoned I-MV. The property consists of a single building with one suite, ideal for a variety of businesses. The interior layout includes a reception area, five private offices, and a dedicated restroom. Two of the offices are equipped with sinks, adding to their functionality and appeal. The property is offered as a gross lease, with tenants responsible for gas and electric utilities. This prime location in Davenport, Iowa, zip code 52803 (latitude 41.5252755, longitude -90.5634279), offers excellent visibility and accessibility. The property type is classified as Land and Office, making it suitable for a range of commercial uses. This is a rare opportunity to acquire a well-maintained, single-tenant office building in a desirable Davenport location. The straightforward tenancy structure and functional layout make this property an attractive investment for both owner-occupiers and investors seeking a stable income stream. The property's zoning designation (I-MV) should be verified with the city of Davenport for permitted uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $35,817,428

  6.5%

  $33,062,242

  7%

  $30,700,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,173,500

  Geo Method

  $32,296,550

• Alternative Use

  Use

  Valuation

  Residential

  $33,062,242

  Hospitality

  $30,284,836

  Educational

  $25,196,628

  Medical

  $26,063,180

  Retail

  $39,194,756

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5253

Longitude

-90.5635

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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