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    128 E Main St, Auburn, WA 98002

    53,802 SF 0.28 ac lot Built 1921
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US90-0340398
    128 E Main St, Auburn, WA 98002 For Lease
    $6,430,000 787 SF available
    128 E Main St, Auburn, WA 98002
    View Listing →
    Property summary
    AI-generated overview

    Divine Court, a vibrant retail center located at 128 E Main St, Auburn, WA 98002, presents an exceptional opportunity for businesses seeking prime retail space in King County. This 74,000 square foot multi-tenant property sits on 0.21 acres of land (APN 733140-0055) and currently has 3,900 square feet of vacant space available. The property offers flexible lease options with spaces ranging from 450 to 1,193 square feet, with a minimum divisible space of 787 square feet. This allows for a variety of business types and sizes to thrive within the center. Auburn, a thriving city of approximately 80,000 residents, boasts a blend of urban amenities and natural beauty, offering stunning views of Mount Rainier and a strong local customer base. Its convenient location in the Green River Valley, approximately 25 miles south of Seattle, provides excellent accessibility and visibility. This is an ideal location for businesses seeking high foot traffic and exposure in a dynamic and growing community. The property's strategic location and flexible space options make it an attractive investment for both established businesses and new ventures looking to establish a presence in the heart of Auburn. Contact us today to learn more about the available spaces and lease terms.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1921
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 53,802 SF
    Lot 0.28 ac (12,000 SF)
    Zoning code DUC
    APN 733140-0055
    UPID US90-0340398
    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
    • Lincoln Apt Apartment Building
    • Divine Court Apartments Apartment Complex
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $8.73M
    Blend (final) Blend
    $6.43M
    Owner & transaction history
    City Of Auburn · 2 yrs held
    City Of Auburn
    since 2024
    7 recorded transactions
    2024
    2022
    2015
    2012
    $1.3M
    2002
    2002
    $1.3M
    2000
    Zoning & alternative use
    DUC · Auburn, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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