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Property profile & analytics
FOR LEASE
Retail space

1201 N Wenatchee Ave Wenatchee, WA 98801

42,213 SF 1.82 ac lot Built 1984
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US90-1988721
Property summary
AI-generated overview

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 profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1984
Total area 42,213 SF
Lot 1.82 ac (79,279 SF)
APN 232034860060
UPID US90-1988721
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sandi Davis Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.23M
Blend (final) Blend
$4.19M
Owner & transaction history
Chris Loeken · 9 yrs held
Chris Loeken
since 2016
4 recorded transactions
2016
$3.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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