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    201 Cascade Mall Dr Burlington, WA 98233

    For Lease
    Contact for pricing

    Prime I-5 Corridor Retail Opportunity

    Lot size:
    446,430 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Burlington Gallery, a 446,430 square foot former enclosed mall in Burlington, WA (zip code 98233), offers a unique redevelopment opportunity. Situated on 63.66 acres at 201 Cascade Mall Dr, this single-story building boasts 2248 parking spaces and is zoned MUC-2. Currently, 60,000 square feet of prime retail space is available for lease in Suite 700 (former Macy's Women's), offering exceptional visibility from Interstate 5. This space is in essentially the same condition as when previously used for retail and anticipates renovations, whether minor or major. The property's strategic location at the crossroads of I-5 and State Highway 20, makes it highly accessible. Significant portions of the mall have already been successfully leased and are undergoing renovations for new uses, including indoor recreation and a community center. The remaining inline suites (123,354 sq ft) present potential for future leasing or consolidation into larger spaces for diverse uses. The property's successful repositioning strategy is further supported by the nearby Burlington Plaza, a similarly repurposed property offering smaller suites. This presents a compelling investment opportunity for businesses seeking high visibility and access to a significant consumer base in Skagit County. The property's large footprint and ample parking provide flexibility for a variety of retail and commercial uses.

    Property Features for 201 Cascade Mall Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    446,430 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Former Macy's Suite
    Size
    60,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Proactiv Automated Kiosk Skin Care Products Vending Machine Burlington Gallery Shopping Mall T.J. Maxx Clothing Store Super Brow Threading Beauty Salon Spirit Halloween Costume Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.34051630713
    Latitude
    48.462940709981

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    FAQs

    What type of property is this?
    Lifestyle center - Prime I-5 Corridor Retail Opportunity
    Where is this lifestyle center located?
    The property is located at 201 Cascade Mall Dr Burlington, WA.
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    Burlington, WA 98233
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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
    201 Cascade Mall Dr Burlington, WA 98233
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