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$ 859,031
Est. payment /mo
New
2020 E Locust Street Davenport, IA 52803
3.21 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 746745
HOA Y/N No
Annual Tax Amount $27,624
Lot Size 3.210 Acres
Acres 3.21
Property Sub-Type Retail
Property Description
Former O'Reilly Auto Parts retail building available along high-visibility E Locust Street (~17,800 VPD) in Davenport, IA. Built in 2001, this 6,776 SF steel-frame property sits on 3.21 total acres (1.56 improved acres + 1.65 excess acres) offering strong value-add, owner-user, or redevelopment potential. The adjacent parcel is zoned R-MF (Multi-Family Residential). Vacant and ready for immediate occupancy. Note: Previously crushed sewer line is fully repaired and operational.
Property Highlights
Building Size: 6,776 SF | Built: 2001 (Steel frame)
Land Area: 3.21 Acres (1.56 AC improved | 1.65 AC excess land)
Location: E Locust St, Davenport, IA (~17,800 VPD)
Parking & Loading: ~19,200 SF concrete lot | 1 overhead door (6' x 7')
Zoning: Commercial + adjacent R-MF (Multi-Family)
Status: Vacant | Repaired & operational sewer line
Financial Overview
Asking Price: $859,031 (Priced below assessed value of $912,190)
Annual Taxes: $27,720/year
Investment Highlights
Below-market acquisition basis vs. replacement cost & recent comps.
1.65 acres of excess land creates value-add expansion or exit options.
Flexible zoning on adjacent lot allows for residential or mixed-use development.
Strategic positioning within an established commercial corridor.
Property Highlights
Building Size: 6,776 SF | Built: 2001 (Steel frame)
Land Area: 3.21 Acres (1.56 AC improved | 1.65 AC excess land)
Location: E Locust St, Davenport, IA (~17,800 VPD)
Parking & Loading: ~19,200 SF concrete lot | 1 overhead door (6' x 7')
Zoning: Commercial + adjacent R-MF (Multi-Family)
Status: Vacant | Repaired & operational sewer line
Financial Overview
Asking Price: $859,031 (Priced below assessed value of $912,190)
Annual Taxes: $27,720/year
Investment Highlights
Below-market acquisition basis vs. replacement cost & recent comps.
1.65 acres of excess land creates value-add expansion or exit options.
Flexible zoning on adjacent lot allows for residential or mixed-use development.
Strategic positioning within an established commercial corridor.
Location
State IA
County Scott
Area Davenport
Zoning C
Interior
Fireplace No
Exterior
Private Pool No
Others
Tax ID D006311
Monthly Total Fees $2, 302
Acceptable Financing Cash
Listing Terms Cash
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Listed by Pinnacle Realty, LLC