246 3rd St Davenport, IA 52801-1902
This exceptional turnkey bar or restaurant opportunity is situated on a highly visible corner lot at the intersection of Harrison Street and West 3rd Street in the heart of downtown Davenport. The property consists of two buildings totaling 3,200 square feet, perfect for a thriving food and beverage establishment. The single-tenant occupancy offers a streamlined operation, and the C-4 zoning allows for a variety of commercial uses. The property includes a dedicated parking lot, a significant advantage in a bustling downtown area. The current rental rate for the entire property is $3600 per month, offering a strong potential return on investment. This prime location ensures high foot traffic and excellent brand visibility, making it an ideal opportunity for an established business or a new venture seeking a prominent downtown presence. The property's unique corner location maximizes exposure to passing traffic, ensuring maximum visibility for your business. This is a rare opportunity to acquire a well-positioned, turnkey commercial property in a vibrant downtown setting. The APN is L0007-16A. This property is ready for immediate occupancy.
-
Landmark Apartments Apartment Building
-
Valley Health Services Community Health Centre
-
Smashing Dealz Marketing & Advertising Advertising Agency
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 Sale
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.