1731 6Th StDavenport, IA 52802

Property Details for 1731 6Th St

Year built

1896

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

4,210 SF

Property type

Retail properties

Property subtype

Bars

APN

H0053-14

APU

H005314

Description

This exceptional Davenport, IA investment opportunity presents a rare chance to acquire a thriving mixed-use property at 1731 W 6th Street, encompassing a well-established restaurant/bar, three income-generating apartments, and a separate single-family home. The 3,577 square foot main building, completely renovated in 2022 following a fire, boasts a 2,205 square foot turnkey restaurant/bar, fully equipped with a Vulcan range, auto-fry machine, walk-in cooler, and all furniture, fixtures, and equipment. The restaurant's high-profile location and large parking lot (40 spaces) with a covered patio ensure strong potential for continued success. Above the restaurant are three apartments currently rented month-to-month, generating rental income of $600, $650, and $750 respectively. An additional 1,240 square foot, three-bedroom, one-bathroom single-family home at 1727 W 6th Street, also rented month-to-month for $750, is included in the sale. The property sits on a 0.32-acre lot and is zoned for mixed use, offering flexibility for future development. The combined net rentable square footage is 3,446. This property is a unique opportunity for an investor seeking a diversified portfolio with immediate cash flow and significant upside potential. The two buildings were constructed in 1896. The asking price is $525,000. APN: H0053-14

• CAP approach

  CAP return

  Valuation

  6%

  $1,117,443

  6.5%

  $1,031,486

  7%

  $957,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,077,080

  Geo Method

  $1,381,848

• Alternative Use

  Use

  Valuation

  Residential

  $870,097

  Hospitality

  $797,004

  Educational

  $663,098

  Medical

  $685,903

  Retail

  $1,031,486

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5254

Longitude

-90.601

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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