Property profile

1604 N Wenatchee Ave Wenatchee, WA 98801

FOR LEASE
Office buildings
Property ID
US90-1895851
3,453 SF 0.5 ac lot
Entity Owned 2-yr Hold Free & Clear
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1604 N Wenatchee Ave, Wenatchee, WA 98801 For Lease
Contact for pricing 21,780 SF available
1604 N Wenatchee Ave, Wenatchee, WA 98801
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Property summary

AI-generated overview

This exceptional retail property presents a unique investment opportunity situated on a high-traffic corner of N Wenatchee Avenue in Chelan County. Boasting excellent visibility and exposure, this ±21,780 square foot lot (APN: 232033140900) is currently improved with a commercial building, specifically a grocery outlet, featuring multiple tenancies. One retail space is currently available, offering immediate potential for a variety of businesses to capitalize on the significant foot traffic and prominent location. The property's prime corner location ensures maximum exposure to passing vehicles and pedestrians, making it an ideal site for a business seeking high visibility and accessibility. The substantial lot size provides ample space for potential expansion or redevelopment, allowing for significant future growth and adaptation to evolving market demands. This property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged to explore the possibilities of this exceptional retail location. The property is located in Chelan County and offers a rare opportunity to establish a thriving business in a high-demand area. Further details regarding the existing building and available space can be provided upon request.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Total area 3,453 SF
Lot 0.5 ac (21,780 SF)
APN 232033140900
UPID US90-1895851

Cap rate & NOI

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

Location

1604 N Wenatchee Ave Wenatchee, WA 98801
Wenatchee metro Census 960804 WENATCHEE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.19M
CAP Approach CAP
$730k
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2023
Last sale
$1.0M
4 recorded transactions
2023
Price N/A
2022
$1.0M
2019
Price N/A
2005
$725,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +36.2%
Auto repair, garage $920,000 +13.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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