Technical
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Property profile

19683 Us-2 Monroe, WA 98272

OFF-MARKET
Retail properties & Spaces
13,800 SF Built 1986
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Property summary

AI-generated overview

Heichel Plaza offers a fantastic 2,300 square foot retail or office space, ideally situated in Monroe, Washington's vibrant retail core, directly on Highway 2. This highly visible location boasts exceptional accessibility and is anchored by a Safeway grocery store, ensuring high traffic volume. The space is part of a thriving shopping plaza, surrounded by popular businesses including McDonald's, KFC, Starbucks, and Wells Fargo. Currently vacant, this fully built-out unit features a 25-foot window storefront, 10-foot ceilings, a built-in bathroom, and a kitchen sink. It's fully permitted for restaurant use, offering versatility for a variety of businesses. The space is perfect for retail, office, spa, or boutique uses. With ample parking (58 spaces) and a low estimated NNN of $4.21 per square foot annually, totaling $3,680 per month, this property presents a compelling opportunity. The building, constructed in 1986, offers a flexible lease term and immediate occupancy. The property's zoning allows for retail and office uses. The APN numbers are 00747300024000, 00747300022800, and 00747300022400. The total building size is 13,800 square feet, with a minimum divisible space of 2,300 square feet. The building does not have elevators. Power is provided by a PUD.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1986
Total area 13,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19683 Us-2 Monroe, WA 98272
Monroe metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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