1201 N Wenatchee Ave Wenatchee, WA 98801
For Lease
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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.
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Sandi Davis Real Estate Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.