3823 Locust StDavenport, IA 52804

Property Details for 3823 Locust St

Year built

1982

Lot size

0.70 AC

Property size (Sq ft)

5,680 SF

Property type

Office buildings

APN

S2907-02C

APU

S290702C

Description

This exceptional commercial property, known as Fairway Plaza, presents a fantastic opportunity for a single-tenant office user. The property consists of a 4,000 square foot office suite within a multi-tenant building. Each suite enjoys the benefit of a private entrance, ensuring privacy and independent access. The suite is offered on a gross lease basis, with utilities paid separately by the tenant. The property is zoned C-1, offering flexibility for a variety of commercial uses. The building itself comprises a single structure with one suite available. There are no on-site parking spaces included with this lease. The property's parcel number is S2907-02C. This is an ideal location for a business seeking a well-maintained, conveniently located office space with a private entrance and the flexibility of a gross lease structure. The property is ready for immediate occupancy, providing a seamless transition for your business operations. The 4,000 square foot space offers ample room for various office configurations, catering to diverse business needs. Interested parties are encouraged to inquire further to explore the possibilities this prime commercial property offers. The property type is listed as Land and Office, reflecting the nature of the offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,025,591

  6.5%

  $946,700

  7%

  $879,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $576,652

  Geo Method

  $739,820

• Alternative Use

  Use

  Valuation

  Residential

  $1,173,908

  Hospitality

  $1,075,293

  Educational

  $894,631

  Medical

  $925,399

  Retail

  $1,391,649

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5376

Longitude

-90.6323

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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