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Property profile & analytics
OFF-MARKET Estimated value $1,595,000
Banks

337 Vly Mall Pkwy East Wenatchee, WA 98802-4831

4,338 SF 0.58 ac lot Built 2003
Entity Owned 4-yr Hold Free & Clear
Property ID
US90-1986435
Property summary
AI-generated overview

This exceptional 4,400 square foot freestanding restaurant space presents a unique opportunity for a discerning operator. Previously occupied by a Shari's Restaurant, this single-tenant property boasts high visibility and accessibility, situated on the east side of State Route 28, directly adjacent to the Senator George Stellar Bridge. Its strategic location within the Wenatchee Valley Mall outparcel offers significant advantages, benefiting from the substantial traffic generated by neighboring anchor tenants including Macy's, Sportsman's Warehouse, Ross, Marshalls, and Grocery Outlet. The entire 4,400 square feet is currently vacant, providing a blank canvas for a new culinary concept or retail venture. The property's prominent location ensures high visibility and easy access for customers, making it an ideal site for a restaurant or other retail establishment seeking a strong foothold in a thriving market. The building's size and layout offer ample space for both front-of-house operations and back-of-house functions, providing flexibility for a variety of business models. This is a rare opportunity to acquire a well-positioned, high-traffic property in a desirable location within the Wenatchee Valley Mall area. The property's existing infrastructure provides a solid foundation for a quick and efficient build-out, minimizing upfront costs and maximizing return on investment. Don't miss this chance to establish your business in a prime location with exceptional visibility and strong surrounding retail presence.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2003
Construction WOOD
Total area 4,338 SF
Lot 0.58 ac (25,265 SF)
Zoning code 2
APN 3700002923
UPID US90-1986435
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.60M
Owner & transaction history
Peoples Bank · 4 yrs held
Peoples Bank
since 2022
Last sale
$1.6M
6 recorded transactions
2022
$1.6M
2018
$1.5M
2018
Price N/A
2010
Price N/A
2007
$32.5M
1969
Price N/A
Zoning & alternative use
2 · East Wenatchee, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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