11502 Mill Plain BlvdVancouver, WA 98684

Property Details for 11502 Mill Plain Blvd

Year built

1985

Construction

WOOD

Lot size

0.67 AC

Property size (Sq ft)

2,200 SF

Zone code

CG : VAN

Property type

Retail properties

Property subtype

Drive through restaurants

APN

114727-250

APU

114727250

Description

This exceptional retail property, located at 11502 SE Mill Plain Blvd in Vancouver, Washington (zip code 98684), offers a prime commercial opportunity within a thriving shopping and food center. The property, known as 205 Commerce Center, boasts a total of 2,868 square feet of retail space, currently entirely vacant and available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 565 square feet to a maximum contiguous space of 2,303 square feet. This allows for flexibility to accommodate a variety of business needs and sizes. The center recently underwent a multi-million dollar exterior renovation, resulting in a modern and attractive appearance that has attracted strong national tenants. Its strategic location at the gateway to the East Vancouver submarket provides exceptional visibility and accessibility. With over 80,000 vehicles passing by daily, this property offers unparalleled exposure to a large and diverse customer base. Situated in Clark County, Washington, this retail center presents a compelling investment opportunity for businesses seeking high visibility and strong foot traffic in a rapidly growing area. The property is ideal for businesses seeking a well-maintained, modern space in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $888,250

  6.5%

  $819,924

  7%

  $761,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,067,664

  Geo Method

  $1,067,664

• Alternative Use

  Use

  Valuation

  Residential

  $691,636

  Hospitality

  $633,535

  Educational

  $527,094

  Medical

  $545,221

  Retail

  $819,924

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6213

Longitude

-122.554

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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