200-496 Fashion Way Burlington, WA 98233
Burlington Plaza presents an exceptional opportunity for businesses seeking versatile office or retail space in Skagit County's thriving Burlington submarket. This four-building complex, totaling 185,230 square feet, underwent a complete renovation in 2022, offering modern amenities within a newly revitalized setting. The property boasts 43 individual suites, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 16,010 square feet, providing flexibility for various business needs. Currently, 101,550 square feet of space is available for lease. The complex sits on a substantial 19.06-acre lot (830,215 square feet), providing abundant free parking for tenants and customers – a total of 998 spaces. Strategically located adjacent to Costco, between Interstate 5 and Burlington Boulevard, Burlington Plaza benefits from exceptional visibility and high traffic counts, with an average daily traffic (ADT) of 61,000 on I-5 and 27,000 on Burlington Boulevard. The property is zoned C-1 and features single-story buildings constructed in 1989. There are no Net, Net, Net (NNN) expenses until 2024. The property is ideal for a variety of uses, including traditional office and medical office spaces, and offers the possibility of combining suites to accommodate larger tenants.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.