0 Elmore Ave Davenport, IA 52807
This exceptional 24.95-acre commercial land parcel presents a significant investment opportunity in Davenport, Iowa. Located at the northeast corner of Jersey Ridge Road and Elmore Avenue, this property boasts excellent visibility and accessibility. The zoning is designated as CE, allowing for a variety of commercial developments. The asking price is $7,064,343, translating to $6.50 per square foot. The site benefits from its strategic location within a rapidly developing area, surrounded by established businesses and residential communities. Nearby amenities include Rhythm City Casino & Resort, Mills Chevrolet, Kohls, Kahl Senior Housing, Cross Creek Apartments, Super Walmart, Hobby Lobby, and Costco. This prime location offers unparalleled exposure to high traffic volumes from Interstate 80 and Interstate 74, ensuring significant visibility for any commercial venture. The property's size and location make it ideal for a wide range of commercial developments, from retail centers to industrial facilities. This is a rare opportunity to acquire a substantial land parcel in a thriving area with exceptional growth potential. Further information regarding the permitted uses under the CE zoning designation is readily available. The property is situated in Scott County, Iowa, with the address listed as 0 Elmore Avenue, Davenport, IA 52807. While this 24.95-acre parcel is being offered, it's important to note that an additional 107.17 acres are available in six separate lots located on the southwest quadrant of the I-80 and I-74 intersection.
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
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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.