2222 53Rd StDavenport, IA 52807

Property Details for 2222 53Rd St

Year built

2003

Lot size

2.56 AC

Property size (Sq ft)

20,264 SF

Property type

Retail properties

Property subtype

Strip malls

APN

Y0719B02

APU

Y0719B02

Description

This exceptional retail opportunity is located at 2222 E 53rd Street in Davenport, Iowa, within the desirable 53rd Street corridor. The property, built in 2003, boasts a total of 20,264 square feet across one building and features ample parking with 100 spaces. Currently, there is 1,200 square feet of vacant space available, ideal for a variety of retail uses. The property is zoned C-1 and has a Scott County APN of Y0719B02. The available space totals 4,180 square feet and is offered at a rate of $17.00 per square foot, NNN. This multi-tenant building benefits from excellent visibility and high traffic volume, estimated at 28,700 AADT. The property enjoys a strong anchor tenant, Grand TV and Appliance, contributing to a thriving retail environment. This location presents a unique opportunity for businesses seeking high visibility and a strong customer base in a well-established commercial area. The property's size and location make it an attractive option for a variety of retail concepts. The ample parking ensures convenient access for customers. The property's strategic location within the 53rd Street corridor offers significant advantages for businesses seeking high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $5,378,592

  6.5%

  $4,964,854

  7%

  $4,610,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,184,310

  Geo Method

  $6,651,252

• Alternative Use

  Use

  Valuation

  Residential

  $4,188,040

  Hospitality

  $3,836,222

  Educational

  $3,191,692

  Medical

  $3,301,459

  Retail

  $4,964,854

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5752

Longitude

-90.5442

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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