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    1201 Wenatchee Ave Wenatchee, WA 98801

    Sponsored
    For Lease
    $10 SF/Yr

    Wenatchee retail center, multiple spaces available.

    Lot size:
    42,213 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 1201 Wenatchee Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,213 SF
    Total Rate
    35177.5

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1219
    Size
    20,234 SF
    Rate per SF
    $10
    Space
    Suite 1201
    Size
    4,250 SF
    Rate per SF
    $15

    HighLights

    • End Cap Space Available
    • Competitive Rental Rates
    • Existing Office Improvements
    • Low Net‑Net‑Net (NNN) Charges
    • Strong Co‑tenancy
    • Prominent Street‑Facing Pylon Signage
    Property Profile Location Intelligence

    Current Use by Public Records

    Sandi Davis Real ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wenatchee
    County
    Douglas
    State
    Washington
    Longitude
    -120.322217
    Latitude
    47.438519

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    FAQs

    What type of property is this?
    Retail property - Wenatchee retail center, multiple spaces available.
    Where is this retail property located?
    The property is located at 1201 Wenatchee Ave Wenatchee, WA.
    What is the lease rate?
    The lease rate is $10-$15 SF/Yr.
    What are key features of this property?
    This property features: End Cap Space Available; Competitive Rental Rates; Existing Office Improvements
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Wenatchee Ave Wenatchee, WA 98801
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