Listings

Shops at Burlington

448 Fashion Way
Burlington, WA 98233

Listing information

Just Sold
Price Best Offer
Year Built 1989
Location Burlington, WA

Please enter your email address to access the offering memorandum

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.