5231 Brady StDavenport, IA 52807

Property Details for 5231 Brady St

Year built

1988

Lot size

1.26 AC

Property size (Sq ft)

2,699 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

P1209-11B

APU

P120911B

Description

This exceptional commercial property, located at 5231 Brady Street in Davenport, Iowa, presents a unique investment opportunity. The 2,699 square foot building sits on a 1.26-acre lot and boasts a high-visibility location at the intersection of 53rd Street and Brady Street (Highway 61), ensuring significant traffic and customer exposure. The property features a single-tenant building zoned for commercial use, perfect for a restaurant or similar business. The interior comprises a spacious 1,205 square foot dining area and a substantial 1,494 square foot kitchen. A large parking lot is included on the site, providing ample space for customers. The building offers convenient roof access from the interior and includes a large drive-through. All existing equipment remains with the property

• CAP approach

  CAP return

  Valuation

  6%

  $716,385

  6.5%

  $661,278

  7%

  $614,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $690,508

  Geo Method

  $885,893

• Alternative Use

  Use

  Valuation

  Residential

  $557,813

  Hospitality

  $510,954

  Educational

  $425,107

  Medical

  $439,727

  Retail

  $661,278

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.5742

Longitude

-90.5687

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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