2940 53Rd St, Davenport, IA 52807
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.