1126 Burlington BlvdBurlington, WA 98233

Property Details for 1126 Burlington Blvd

Year built

1980

Lot size

1.21 AC

Property size (Sq ft)

4,298 SF

Property type

Office properties

Property subtype

Office buildings

APN

340405-0-014-0005

APU

34040500140005

Description

This exceptional retail storefront property, located at 1126 S Burlington Blvd in Burlington, WA, presents a compelling investment opportunity. The 4,298 square foot building sits on a 1.21-acre lot, offering ample parking and excellent visibility. Strategically positioned near the controlled intersection of the Cascade Mall entrance, this property enjoys high traffic counts and benefits from its proximity to major retailers such as Target and Fred Meyer. The building, constructed in 1980, features two units and is zoned MUC-2 (Mixed Use Commercial), allowing for a variety of potential uses. The asking price is $1,500,000, translating to $349 per square foot. Prominent Burlington Boulevard frontage provides significant signage opportunities. Please note that this property is being sold together with 112 Gilkey Rd. All information is deemed reliable but not guaranteed

• CAP approach

  CAP return

  Valuation

  6%

  $1,159,320

  6.5%

  $1,070,142

  7%

  $993,703

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,306,477

  Geo Method

  $827,709

• Alternative Use

  Use

  Valuation

  Residential

  $1,326,976

  Hospitality

  $1,215,503

  Educational

  $1,011,284

  Medical

  $1,046,064

  Retail

  $1,573,108

Location Insight

City

Burlington

County

Skagit

State

Washington

Latitude

48.464

Longitude

-122.335

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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