201 Cascade Mall Dr Burlington, WA 98233
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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