118 4th St Davenport, IA 52801
This exceptional 5,120 square foot turn-key restaurant and bar space is ideally situated in Davenport, Iowa's vibrant East corridor. Located at 118 E 4th Street, this single-tenant property boasts a highly visible location, neighboring the prestigious Hotel Blackhawk and new apartment complexes, ensuring high foot traffic and excellent visibility. The property is zoned C-D and features a flexible floor plan encompassing multiple dining areas, a large granite-topped bar, and a highly efficient kitchen layout. All furniture, fixtures, and equipment are included in the lease, making this a truly move-in ready opportunity. Significant capital improvements were completed in 2020, including a complete HVAC system overhaul, roof replacement, sprinkler system upgrade, electrical and plumbing updates, new windows and doors, and a full interior remodel. Recent additions include a new walk-in cooler and freezer, along with a 20-foot Ansul hood system, ensuring the highest standards of safety and efficiency. This property presents a rare opportunity for a restaurant or bar operator to establish themselves in a prime location within a thriving downtown area. The property's APN is G0057-10C. The building consists of one building with one suite.
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Toasted Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
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