Former Aaron's Building - Adjacent To Walmart
Retail | 14,830 SqFt
Marketing description
This 14,830 SF commercial building (Gross Building Area) is situated on E Fourth Plain Blvd, adjacent to Walmart Neighborhood Market and Starbucks. It's in a well-established commercial zone that benefits from its proximity to downtown and waterfront Vancouver, as well as quick access to I-5, SR-500 and I-205.
Currently, the building is vacant; it was previously occupied by Aaron’s Furniture Store. This investment property presents an attractive opportunity for an owner-user to establish a retail business along with onsite office and storage, or for a savvy value-add investor to backfill the property with creditworthy tenant(s) and thus increase the property's value. Excellent traffic counts, favorable demographics, thriving surrounding businesses and dense residential area make this property is an ideal target for a variety of national, regional and local businesses.
Zoning = Community Commercial (CC)
Gross Building Area (Approx) = 14,830 SF (First Floor Retail = 10,750 SF & Mezzanine = 4,080 SF)
Less Stairs = (210 SF)
Less Second Floor Storage = (990 SF)
Gross Leasable Area = 13,630 SF
Investment highlights
- ±14,830 SF freestanding retail building with mezzanine office/storage
- Prominent frontage on high-traffic E Fourth Plain Blvd retail corridor
- Adjacent to Walmart Neighborhood Market and Starbucks
- Easy access thru I-5, I-205, and SR-500
- Zoned Community Commercial (CC) allowing a wide range of retail and service uses
- 0.54-acre site with ample on-site parking and easy ingress/egress
- Former Aaron’s — delivered vacant for immediate owner-user occupancy
- Value-add lease-up opportunity with estimated market rents ~$19–23/SF NNN
- Surrounded by national and regional retailers in established commercial node
- Dense surrounding population and favorable demographics
- Offered at $168/SF — below recent comparable sales average (~$231/SF)
- Renovated 2009; roof refurbished partly 2016, and partly 2024.
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