1601 3rd St Davenport, IA 52802-1139
Property summary
This 1,664 square foot commercial property located at 1601 W 3rd Street in Davenport, Iowa presents a fantastic opportunity for a new business owner. Situated on a busy one-way street, this location boasts high visibility and significant foot traffic, making it ideal for a restaurant or similar venture. The building sits on a 0.13-acre lot and has a list price of $190,000. The property has a rich history, having housed two successful pizza restaurants over the years, establishing a strong reputation within the Quad Cities area. Under current ownership since 2021, the property has undergone significant improvements. All mechanical systems have been updated to ensure efficiency and reliability. Furthermore, the addition of new fryers enhances the culinary capabilities of the space. A thorough inspection has been completed, confirming the building's compliance with all relevant building codes. This turnkey operation offers a seamless transition for a new owner, minimizing upfront investment and maximizing potential for immediate success. All fixtures, furniture, and equipment (FF&E) are negotiable, providing flexibility for the incoming business to customize the space to their specific needs. This is a rare opportunity to acquire an established and well-maintained commercial property in a prime Davenport location.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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