2332 Eastern Ave Davenport, IA 52803-2085
- Office buildings
- 5,106 SF
- 0.14 lot acres
Current Use by Public Records
- Chiropractic Family Practice / Chiropractor
- Epkes Clock Repair / Clock Repair Service
- Landre Corporation / General Contractor
- AccuScreed / Contractor
- Jd liquidation / Consultant
Property Details for 2332 Eastern Ave
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.14 lot acres
- Property size
- 5,106 SF
- Property type
- Office buildings
- APN
- C0041A18
- APU
- C0041A18
Description
This exceptional commercial property at 2332 Eastern Avenue, Davenport, Iowa, presents a compelling investment opportunity. Priced at $369,900, this property combines land and a single-building office space, offering immediate income generation and significant long-term potential. Currently leased until November 2026, the building provides a consistent monthly income of $1,000 for its 1,620 square feet. The versatile layout is easily adaptable to suit a variety of business needs. The building boasts a wealth of features including ten individual offices, four bathrooms, and two kitchenettes, ensuring ample space and convenience for occupants. Significant storage is available, complemented by a 540-square-foot basement. The property benefits from a recently updated HVAC system with four units, ensuring efficient climate control. Located in Scott County, Iowa, with a Davenport zip code of 52803, this property offers a strategic location within a thriving community. The existing lease provides a secure return on investment, while the adaptable space allows for future growth and diversification of income streams. This is a rare opportunity to acquire a profitable commercial property with immediate cash flow and substantial upside potential. The property's features and location make it an ideal investment for both seasoned and emerging commercial real estate investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $265,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $225,000
- Mixed-Use
- $255,000
- Hospitality
- $245,000
- Educational
- $290,000
- Residential Income
- $230,000
- Energy
- $285,000
- Income-Based Land
- $260,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Scott
- State
- Iowa
- Longitude
- -90.5518
- Latitude
- 41.5435
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
