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    OFF-MARKET
    Retail properties & Spaces

    2940 53Rd St, Davenport, IA 52807

    23,282 SF 2.3 ac lot Built 1998
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity encompasses 1,500 square feet of vacant space within the 23,282-square-foot Pheasant Creek Crossing Shopping Center, situated at the high-traffic corner of 53rd Street and Elmore in Davenport, Iowa. The property boasts excellent visibility and accessibility, enjoying a prime location within a major retail corridor and a rapidly developing area of the Quad Cities. The single-building property, constructed in 1998, features a total of ten parking spaces for customer convenience. The building itself is constructed of block and glass, with concrete flooring, central air conditioning, and forced-air heating. The property sits on a 2.3-acre corner lot, offering ample space and high visibility. The zoning is PDD. The property's convenient location provides easy access to Interstate 74, ensuring high traffic flow and exposure to a large customer base. The annual property tax amount was $205,228 in 2021. Public sewer and municipal water are available. This space is ideal for a variety of retail uses, making it a compelling investment opportunity in a dynamic market. The property's parcel numbers are Y0817-02M & Y0817-03J.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1998
    Total area 23,282 SF
    Lot 2.3 ac (100,188 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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