19191 Kelsey StMonroe, WA 98272

Property Details for 19191 Kelsey St

Year built

2014

Construction

CONCRETE

Lot size

17.30 AC

Property size (Sq ft)

156,220 SF

Property type

Retail properties

APN

28063600403600

APU

28063600403600

Description

This exceptional 5.74-acre retail property, located at 19191 N Kelsey St in Monroe, Washington (zip code 98272), presents a unique investment opportunity. Situated in Snohomish County, this grocery store pad benefits from the significant traffic generated by its Walmart anchor tenant. The property's ideal location offers excellent visibility and accessibility, making it an attractive proposition for a variety of grocery-related businesses. The substantial lot size provides ample space for development and expansion, catering to the needs of a growing community. This prime retail space is strategically positioned to capitalize on the high consumer traffic and strong demographics of the area. The property's address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. This is a rare opportunity to acquire a well-located, established retail pad in a thriving market. The property's existing infrastructure and convenient location make it an ideal site for a new grocery store or related retail establishment. The significant lot size allows for flexibility in design and development, accommodating a range of potential uses. This presents a compelling investment opportunity for those seeking a high-traffic, well-positioned retail property in a rapidly growing area of Washington State. The property's location within a successful retail center ensures a strong customer base and high visibility. This is a turnkey opportunity to establish a successful grocery store business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $61,942,816

  6.5%

  $57,177,984

  7%

  $53,093,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,666,496

  Geo Method

  $75,813,816

• Alternative Use

  Use

  Valuation

  Residential

  $48,231,768

  Hospitality

  $44,180,040

  Educational

  $36,757,276

  Medical

  $38,021,416

  Retail

  $57,177,984

Location Insight

City

Monroe

County

Snohomish

State

Washington

Latitude

47.8656

Longitude

-121.973

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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