1734 Washington StDavenport, IA 52804

Property Details for 1734 Washington St

Year built

1965

Lot size

0.21 AC

Property size (Sq ft)

5,896 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

H0006-28

APU

H000628

Description

This 5,896 square foot commercial building at 1734 Washington Street in Davenport, IA, presents a fantastic investment opportunity. Situated on a 0.21-acre lot, this well-built block building boasts high visibility from Locust Street, a major thoroughfare with an estimated 23,000 vehicles passing daily. The property features concrete stairs at both the front and rear. A long-term tenant currently occupies a portion of the main level, generating a consistent monthly rental income of $1,800. This tenant, who has been in place for 20 years, desires to remain. The remaining main level space is currently vacant, offering significant potential for additional rental income or owner-use. The upper level is also vacant and ready for finishing, providing further expansion or rental opportunities. The building's location is highly desirable, with nearby businesses including Taco Bell and NW Bank. The motivated seller is offering financing options for a period of three years. This property offers a compelling combination of existing income, significant upside potential, and a prime location in a busy commercial area. Make an offer today!

• CAP approach

  CAP return

  Valuation

  6%

  $1,564,951

  6.5%

  $1,444,570

  7%

  $1,341,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,508,423

  Geo Method

  $1,935,244

• Alternative Use

  Use

  Valuation

  Residential

  $1,218,549

  Hospitality

  $1,116,185

  Educational

  $928,652

  Medical

  $960,590

  Retail

  $1,444,570

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5378

Longitude

-90.5966

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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