1217 Woodin AveChelan, WA 98816

Property Details for 1217 Woodin Ave

Year built

1969

Lot size

0.91 AC

Property size (Sq ft)

7,945 SF

Property type

Retail properties

APN

272214410650

APU

272214410650

Description

This exceptional commercial building, located at 1217 W Woodin Avenue in Chelan, WA, presents a unique investment opportunity. Priced at $950,000, the property offers six or more tenant spaces, each adaptable to a variety of permitted and conditional uses. Its prime location within the Waterfront Commercial zone along W. Woodin Avenue (Highway 97A) ensures maximum visibility and exposure to significant traffic volume. The building benefits from convenient access to city water, sewer, and PUD power, simplifying operations and minimizing potential infrastructure concerns. Ample off-street parking is provided for tenants and customers, enhancing the property's overall appeal and functionality. The property's existing infrastructure provides a solid foundation for immediate occupancy and income generation, while also offering potential for future expansion to meet evolving business needs. This strategic location in the heart of Chelan's vibrant Waterfront Commercial District guarantees high foot traffic and strong potential for long-term growth and profitability. The property is situated on a 0-acre lot. This is a rare opportunity to acquire a well-positioned commercial property in a thriving waterfront community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,465,729

  6.5%

  $2,276,058

  7%

  $2,113,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,158,211

  Geo Method

  $4,268,762

• Alternative Use

  Use

  Valuation

  Residential

  $1,919,940

  Hospitality

  $1,758,655

  Educational

  $1,463,180

  Medical

  $1,513,501

  Retail

  $2,276,058

Location Insight

City

Chelan

County

Chelan

State

Washington

Latitude

47.8355

Longitude

-120.034

CBSA code

48300

CBSA name

WENATCHEE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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