1328 Woodin AveChelan, WA 98816
- Grocery and convenience stores
- 780 SF
Property Details for 1328 Woodin Ave
- Year built
- 1973
- Lot size
- 1.21 AC
- Property size (Sq ft)
- 780 SF
- Property type
- Grocery and convenience stores
- APN
- 272214494210
- APU
- 272214494210
Description
This exceptional 1.21-acre commercial waterfront property in Chelan, Washington, presents a unique investment opportunity. Boasting approximately 185 feet of prime Lake Chelan frontage, this site is ideally situated in the heart of the area's recreational hub, adjacent to a marina with 168 deep-water mooring slips ranging from 24 to 40 feet. The property's Commercial Waterfront zoning allows for a wide range of development possibilities, including multi-family residential with short-term rental potential, townhouses, hotels, and restaurants. Its strategic location offers unparalleled convenience, with proximity to the Lady of the Lake Chelan-Stehekin Ferry Terminal, providing easy boat access and public pier parking. Furthermore, this desirable location is within walking distance of downtown Chelan, public parks, Slidewaters water park, and local wineries. This is a rare chance to acquire the only available high-density development site directly on the shores of Lake Chelan, offering significant potential for substantial returns. The property is located at 1328 W Woodin Ave, Chelan, WA 98816, in Chelan County. The asking price is $2,300,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $242,074
- 6.5%
- $223,453
- 7%
- $207,492
-
Comparable approach
- Method
- Valuation
- Relative Method
- $506,407
- Geo Method
- $419,086
-
Alternative Use
- Use
- Valuation
- Residential
- $188,491
- Hospitality
- $172,657
- Educational
- $143,648
- Medical
- $148,589
- Retail
- $223,453
Location Insight
- City
- Chelan
- County
- Chelan
- State
- Washington
- Latitude
- 47.8366
- Longitude
- -120.037
- CBSA code
- 48300
- CBSA name
- WENATCHEE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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