Multi-Tenant Retail Strip
For Sale
Contact for pricing
820 S Wenatchee Ave., Wenatchee, WA 98801
Multi-tenant retail strip center built in 1922, offering approximately 6,000 SF of GLA on 0.14 acres.
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$125
Days on Market204
Property Features for 820 S Wenatchee Ave.
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.14 Acres
Property subtype
Retail
Zoning
INDUSTRIAL
Occupancy
50%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$9,937,215
Building Details
Year Built
1922
Units
4
Tenancy
Multi
Listing Agency:
Center Investments, Inc.
Listed By:
Chaun Birks · License #WA 2653
(509) 884-6381
Source:
Crexi
Added: Apr 1
Changed: Oct 10
Last Checked: Oct 20 at 9:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Center Investments, Inc.
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Investment Insights
Based on property information with market context.
South Wenatchee Retail Building is a multi-tenant retail strip center with 100% fee simple ownership offered for sale. The property totals approximately 6,000 SF of GLA and is situated on approximately 0.14 acres. Constructed in 1922, the building is positioned for use within a dense infill trade area.
The center is located just east of the intersection of S. Wenatchee Ave. and Bridge St. in Wenatchee, Washington, providing convenient access to surrounding commercial activity.
As a strip center with multiple tenants, the asset is designed to serve retail users that benefit from shared retail configuration and an urban, established setting.
The center is located just east of the intersection of S. Wenatchee Ave. and Bridge St. in Wenatchee, Washington, providing convenient access to surrounding commercial activity.
As a strip center with multiple tenants, the asset is designed to serve retail users that benefit from shared retail configuration and an urban, established setting.
Key Highlights
- Multi‑tenant retail strip center built in 1922
- Approximately 6,000 SF of GLA (100% fee simple ownership)
- On approximately 0.14 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,354
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,080
$1.2M
Cap Rate 7%
$862,200
$862.2K
Cap Rate 9%
$670,600
$670.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$90.0K $15.00/SF
− Vacancy
−$3.8K −$0.63/SF
EGI
$86.2K $14.37/SF
− OpEx
−$25.9K −$4.31/SF
NOI
$60.4K $10.06/SF
Area
Chelan County, WA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,080
Cap Rate 7%
$862,200
Cap Rate 9%
$670,600
Alternative Uses
Best Use
Retail
$862.2K
$754.4K – $1.01M
NOI $60,354 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,160 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 98801, WA
44,970
Population
18,034
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
85%
High-School Grad
153.6 sq mi
ZIP Area
293
Density / Sq Mi
$74,768
Median Household Income
$41,216
Median Earnings
$1,200
Median Rent
$429,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail strip center built in 1922, offering approximately 6,000 SF of GLA on 0.14 acres.
Where is this strip mall located?
The property is located at 820 S Wenatchee Ave. Wenatchee, WA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Multi‑tenant retail strip center built in 1922; Approximately 6,000 SF of GLA (100% fee simple ownership); On approximately 0.14 acres
