1201 Wenatchee AveWenatchee, WA 98801

Property Details for 1201 Wenatchee Ave

Year built

1984

Lot size

1.82 AC

Property size (Sq ft)

42,213 SF

Property type

Retail properties

Property subtype

Retail space

APN

232034860060

APU

232034860060

Description

North Avenue Plaza, located at 1201 N Wenatchee Ave, Wenatchee, WA 98801, offers a prime retail opportunity in Chelan County's CBA submarket. This single-story, 42,213 square foot building, constructed in 1983, sits on a 1.82-acre lot and features 157 parking spaces. Currently, 24,484 square feet of space is vacant, divisible into units as small as 4,250 square feet, with a maximum contiguous space of 20,234 square feet. One possible configuration involves two spaces, one at 1,650 square feet and another at 2,600 square feet. The property enjoys a convenient location near restaurants, grocery stores, a regional shopping center, hotels, and other retail amenities. Its proximity to Riverfront Park, offering various recreational activities and sports fields, and the Town Toyota Center (a regional event center), which hosts major community events, adds significant value. North Avenue Plaza provides a well-maintained and safe environment for businesses, established as a home to several community businesses. Rental rates are subject to adjustment if the space is divided. This is an exceptional opportunity to establish or expand your business in a thriving Wenatchee location.

• CAP approach

  CAP return

  Valuation

  6%

  $13,097,345

  6.5%

  $12,089,857

  7%

  $11,226,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,405,282

  Geo Method

  $22,680,588

• Alternative Use

  Use

  Valuation

  Residential

  $10,198,247

  Hospitality

  $9,341,539

  Educational

  $7,772,051

  Medical

  $8,039,344

  Retail

  $12,089,857

Location Insight

City

Wenatchee

County

Chelan

State

Washington

Latitude

47.4389

Longitude

-120.322

CBSA code

48300

CBSA name

WENATCHEE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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