Shops at Burlington
448 Fashion Way
Burlington, WA 98233
Listing information
The Shops at Burlington is a 185,230 square foot retail outlet center located approximately an hour north of Seattle, in Burlington, Washington. The offering consists of four retail buildings situated on a 19.09 acre site with three parcels that all have frontage on Interstate 5. Currently, the property is 29 percent occupied and prime for redevelopment. The site is zoned C-1 Commercial District which allows for a variety of redevelopment options including mixed-use, multifamily, office, hospitality, and retail uses.
REDEVELOPMENT OPPORTUNITY - 19+ acre flat site with multiple parcels and existing infrastructure. Lease expirations and tenant flexibility allows for phased development.
FAVORABLE ZONING - Business-friendly municipality. The current zoning allows for almost all uses with the exception of outside storage, auto dealerships, and industrial.
MULTIFAMILY ALLOWED - Exclusive multifamily use is currently permitted by obtaining a conditional use permit. The City of Burlington is adopting a new zoning code in 2022 that will eliminate the conditional use permit requirement.
HIGH VISIBILITY FREEWAY FRONTAGE - With 900+ lineal feet of Interstate 5 frontage, the property benefits from its high visibility location halfway between Seattle and the United States/Canada Border.
STRONG REGIONAL TRADE AREA - Draws from the crossroads of Interstate 5 and Highway 20, the main North/South & East/West thoroughfare in the region. Numerous national retailers are nearby including Costco, Burlington, Home Depot, and Best Buy.
HIGH VISIBILITY FREEWAY FRONTAGE - With 900+ lineal feet of Interstate 5 frontage, the property benefits from its high visibility location halfway between Seattle and the United States/Canada Border.