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Historic Mixed-Use Building with Apartments
For Sale
$2,500,000

203 2nd Ave S, Okanogan, WA 98840

Remodeled property combines storefront, office, residential, and basement space with elevator service.

Property Size40,000 SF
Price / SF$62.50
Days on Market138

Property Features for 203 2nd Ave S

General Information

Standard status Active
Size 40,000 SF
Elevators Yes
Property subtype Commercial
Occupancy 100%

Additional Details

Highway Access Yes
Office Units 4

Amenities

vaulted ceilings
skylights
Douglas Fir beams
chandeliers
exposed brick
elevator service
historic murals
parking lot

Building Details

Year Built 1918
Year Renovated 2007
Buildings 1
Tenancy Multi
Listing Agency: Windermere RE/Lake Chelan
Listed By: John Gasper
Source: Nwwashingtonhomesforsale
Added: Apr 15 Changed: Aug 29 Last Checked: Aug 29 at 10:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere RE/Lake Chelan

Investment Insights

Based on property information with market context.

The Blackwell Building is a historic mixed-use property constructed in 1918 and remodeled in 2007. Approximately 40,000 SF spans retail, office, residential, and below-grade space, with vaulted ceilings, skylights, Douglas Fir beams, chandeliers, exposed brick, and elevator access to every floor. The main level includes 7,236 SF of storefront and office area, while the upper floors contain 16 month-to-month residential apartments. An additional 8,359 SF basement area is vacant and identified for storage or future office expansion.

Located at 203 2nd Ave S in Okanogan, the building sits along the Hwy 215 business loop. A designated 11,713 SF parking lot serves the property, and two additional parking lots totaling 10,590 SF are leased to the Okanogan County Transit Authority. Historic murals associated with the Frank Matsura Tour are displayed on the exterior.

Key Highlights

  • Approximately 40,000 SF mixed‑use building constructed in 1918 and remodeled in 2007
  • 7,236 SF of main‑level retail and office storefront space
  • 16 residential apartments on the upper two levels, rented month‑to‑month

Property Analytics

Current Use

Okanogan Land Trust Charitable Organization Derina's Flower Basket (Bike/Boat/Book/etc) Store Big Valley Realty Property Management Company

Suggested Use

Top Pick Auto Parts Store Building Supply Plumbing Service Garden Center Grocery & Convenience Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

274
Businesses Nearby

Demographics for 98840, WA

4,731
Population
2,258
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
533.0 sq mi
ZIP Area
9
Density / Sq Mi
$67,634
Median Household Income
$38,376
Median Earnings
$967
Median Rent
$251,700
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Remodeled property combines storefront, office, residential, and basement space with elevator service.
Where is this mixed-use property located?
The property is located at 203 2nd Ave S Okanogan, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 40,000 SF mixed‑use building constructed in 1918 and remodeled in 2007; 7,236 SF of main‑level retail and office storefront space; 16 residential apartments on the upper two levels, rented month‑to‑month
More about this property
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