22803 44Th AveMountlake Terrace, WA 98043

Property Details for 22803 44Th Ave

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

7.74 AC

Property size (Sq ft)

80,292 SF

Zone code

P0

Property type

Retail properties

Property subtype

Retail space

APN

27043400201100

APU

27043400201100

Description

Cedar Plaza Shopping Center, located at 22803 44th Ave W, Mountlake Terrace, WA 98043, offers exceptional retail space in a thriving community. This QFC-anchored shopping center provides a strong foundation for your business, benefiting from high visibility and convenient access. The property features a variety of spaces ranging from 1,100 square feet to 15,000 square feet, allowing for flexibility to suit diverse business needs. One space is currently available. The center boasts over 300 on-site parking spaces, ensuring ample customer parking. A key advantage is the availability of drive-up space for added convenience and accessibility. The strategic location near downtown Mountlake Terrace and Brier areas guarantees high foot traffic and exposure to a substantial customer base. This prime retail opportunity presents a chance to establish or expand your business within a well-established and successful shopping center. The property's convenient location and ample parking make it an attractive destination for shoppers, creating a vibrant and bustling atmosphere. The size range of available spaces caters to a wide array of retail businesses, from smaller boutiques to larger retail operations. This is an excellent opportunity to secure a space in a high-traffic, well-maintained shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $31,836,594

  6.5%

  $29,387,624

  7%

  $27,288,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $61,504,688

  Geo Method

  $38,965,836

• Alternative Use

  Use

  Valuation

  Residential

  $24,789,560

  Hospitality

  $22,707,104

  Educational

  $18,892,044

  Medical

  $19,541,770

  Retail

  $29,387,624

Location Insight

City

Mountlake Terrace

County

Snohomish

State

Washington

Latitude

47.7909

Longitude

-122.291

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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