Property profile

2940 53Rd St Davenport, IA 52807

OFF-MARKET
Retail properties & Spaces
23,282 SF 2.3 ac lot Built 1998
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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

Location

2940 53Rd St Davenport, IA 52807
Davenport metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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