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Property profile & analytics
FOR LEASE
Strip malls

114 Myrtle St C Davenport, IA 52802

8,780 SF 0.87 ac lot Built 2014
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US25-0671112
Property summary
AI-generated overview

This exceptional 8,780 square foot commercial property, situated on 0.87 acres at 114 Myrtle Street in Davenport's vibrant downtown, offers a unique blend of office and retail space. Built in 2014, the single-building property boasts 72 parking spaces, a significant advantage in this high-traffic area. Currently, 7,500 square feet are available for lease, with a maximum contiguous space of 2,500 square feet. The flexible layout is ideal for a variety of uses, including retail establishments, salons, or office spaces. Its prime location on a busy corner, with excellent visibility on River Drive, ensures high foot traffic and exposure. The property's proximity to John O'Donell Stadium, River Edge, and Centennial Park adds to its appeal. The M-2 zoning provides flexibility for potential tenants. The property features one suite, with the available space ranging from 1,400 to 2,500 square feet. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving downtown setting. The ample parking and convenient location make this property an attractive option for businesses seeking a high-profile presence in Davenport. The property's APN is L0015-01A, located in Scott County.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2014
Total area 8,780 SF
Lot 0.87 ac (37,845 SF)
APN L0015-01A
UPID US25-0671112
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CHILL VIBEZ BAR Bar & Pub Restaurant
  • El Tikal Guatemalan Restaurant Restaurant
  • NIYO'S BEAUTY&HAIR BRAIDING (Bike/Boat/Book/etc) Store Cosmetic Store
  • Sisters Hair Braiding Hair Salon Nail Salon
  • Davi’s Good ‘Ol Fashioned Soul Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$394k
Blend (final) Blend
$515k
Owner & transaction history
Bastola Real Estate LLC · 14 yrs held
Bastola Real Estate LLC
since 2011
4 recorded transactions
2022
Price N/A
2016
Price N/A
2011
$187,000
2005
$165,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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