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2 Auburn Way N Auburn, WA 98002

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For Sale
$1,895,000

10,900 SF fully leased retail/office building in Auburn, WA.

Property size:
1 SF

Property Features for 2 Auburn Way N

General Information

Size
1 SF

Source: Kyle Sterling Agent Kyle Sterling

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Auburn Retail/Office Investment Property

This 10,900 SF commercial building in Auburn, WA, presents an investment opportunity. The fully leased property features three ground floor retail units and nine office units. The units are small and easy-to-lease. Recent capital improvements include four new heat pumps and facade upgrades. Located on the corner of Auburn Way and Main Street, the property benefits from a prime location. Auburn, WA, offers a supportive environment for growth through innovative initiatives and dedicated business resources, making it an ideal place to invest, develop, and thrive.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Human Resources Incorporated Employment Agency Majdas Touch Insurance, ... Insurance Broker Love Life Family ... Wedding Photographer AAD Training Non-Profit Organization Aura Song Gifts ... Metaphysical Supply Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Auburn North, Auburn Shopping Center, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk - Bitcoin ATM, Firehouse Square

Location Insight

  • Map
  • Local Demand
City
Auburn
County
King
State
Washington
Longitude
-122.225423
Latitude
47.307775

FAQs

What type of property is this?
Shopping center - 10,900 SF fully leased retail/office building in Auburn, WA.
Where is this shopping center located?
The property is located at 2 Auburn Way N Auburn, WA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: - Fully leased commercial building with 3 retail units and 9 office units.; - Attractive current cash flow with **6.54% cap rate** and **8.22% pro forma cap rate**.; - Significant upside potential due to below-market office rents.
More about this property
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