705 53Rd St Davenport, IA 52807

Property Details for 705 53Rd St

Lot size

11.88 lot acres

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 11.88-acre commercial and industrial land parcel, located at 705 E 53rd St, Davenport, IA 52807, presents a remarkable investment opportunity. Currently zoned I-1, this fee-simple property offers significant potential for a variety of uses, with the possibility of rezoning to multifamily or C-2. Situated in a high-traffic area with readily available utilities (water, sewer, gas, and electric), the property benefits from its proximity to major roadways like Brady St and E 53rd St. The surrounding area boasts a thriving population, with over 133,000 residents within a five-mile radius and a substantial daytime population exceeding 144,000 within the same area. This strategic location is further enhanced by its proximity to established businesses including Wells Fargo Bank, AutoZone, Advance Auto Parts, NorthPark Mall, several hotels, Sam's Club, Kohl's, and Panera Bread. The property is part of a larger tract, with an adjacent 10.9-acre parcel also available for purchase, allowing for flexible development options. The asking price for this 11.88-acre parcel is $733,000. This presents a unique chance to acquire a significant land holding in a rapidly developing area of Davenport, Iowa. The property's versatility, prime location, and potential for future development make it an attractive investment for both short-term and long-term growth.