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    27 Chelan Ave Wenatchee, WA 98801

    For Sale
    $1,299,900

    Versatile Space, High Visibility, Great Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 1299900 USD commercial property at 27 S Chelan Avenue, Wenatchee, WA, presents a remarkable investment or owner-occupancy opportunity. Boasting a diverse range of adaptable spaces, this property is ideally suited for a variety of uses. The building features updated office spaces and conference rooms, perfect for professional settings. Beyond the traditional office space, the property includes a fully equipped commercial kitchen, a theater, a ballroom suitable for dancing or events, and ample warehouse space. Fitness enthusiasts will appreciate the on-site gym complete with a full workout area and an indoor swimming pool. A unique photo studio adds further versatility. A central mezzanine provides a welcoming reception area for clients and guests. Significant improvements have been made, including substantial updates to the heating and cooling system, along with extensive interior remodeling to create engaging and functional spaces. The property enjoys a highly visible corner location directly across from Memorial Park and the County courthouse, offering excellent exposure and accessibility. Its proximity to established businesses like Firefly and the YMCA further enhances its desirability. The potential for a long-term tenant contributes to a promising cash flow outlook. This property offers a rare blend of functionality, versatility, and prime location, making it an exceptional investment opportunity in the thriving Wenatchee market. The lot size is 0 acres.

    Property Features for 27 Chelan Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1921
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Orchard Corset E-Commerce Service Bpoe Fraternal Organization UA Local 32 ... Labor Union Hod Carriers & Laborers Labor Union IBEW Local 191 Labor Union

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wenatchee
    County
    Chelan
    State
    Washington
    Longitude
    -120.3128
    Latitude
    47.42289

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Space, High Visibility, Great Location
    Where is this commercial real estate located?
    The property is located at 27 Chelan Ave Wenatchee, WA.
    What is the asking price?
    The asking price for this property is $1,299,900.
    (509) 662-3491
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    27 Chelan Ave Wenatchee, WA 98801
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    Wenatchee, WA 98801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27 Chelan Ave Wenatchee, WA 98801
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