Retail•Street Retail•For Sale

Auburn Main Street Market

1103-1123 E Main Street, Auburn, Washington 98002

Sale Price $2,490,000
Sale Type Owner User
Zoning Light Commercial
Bldg Type Multi-Tenant
Class C
Stories 1
Cap Rate 5.00%
Vacancy 97%
Gross Bldg 19,840 SqFt
Land Area 1.37 Acres
Net Op Inc $124,623
Market South King County
Sub-Market Auburn
This well located shopping center is ideal for an owner occupant looking to offset expenses with rental income. The building consists of 19,840 square feet of retail space on a 1.37 acre parcel of land. The building has a good mixture of long term tenants. One suite of approximately 11,000 square feet would be available for an owner occupant with notice to the existing tenant. The large land parcel provides plenty of parking for the tenants and customers. High profile hard corner location in downtown Auburn. Located at the junction of of M Street and Main, this center enjoys excellent exposure with traffic counts exceeding 17,000 on M Street bordering the property. Existing traffic light provides easy access to the site. Close to the new Auburn High School, restaurants, shops and services. Access to Hwy 18 connecting to major freeways is only a few blocks away.
  • 19,840 SF of Retail space
  • Multi-Tenant building with long term tenants
  • 11,000 SF available for owner occupant with notice to existing tenant
  • Plenty of parking on the large 1.37 acre parcel
  • Future upside rent potential on existing tenants
11/29/2018 7:37:27 PM 11/29/2018 7:37:27 PM
Sam Suznevich
Broker
Keller Williams Commercial Offenbecher

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