2020 E Locust Street, Davenport, IA 52803

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.