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Mixed-Use Property
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300 S Okanogan Ave, Wenatchee, WA 98801

Mixed-use building with affordable multifamily housing and multi-tenant office space in an opportunity zone downtown Wenatchee location.

Property SizeContact for details
Days on Market269

Property Features for 300 S Okanogan Ave

General Information

Standard status Active
Property subtype OFFICE

Additional Details

Opportunity Zone Yes

Building Details

Tenancy Multi
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Nate Kiger
Source: Moodyscre
Added: Nov 13, 2025 Changed: Aug 8 Last Checked: Aug 9 at 10:05AM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

The Deaconess is a mixed-use property featuring affordable multifamily housing combined with multi-tenant office space. The asset is identified as an opportunity zone investment, offering a single ownership structure with both residential and office components.

Located in downtown Wenatchee at 300 S Okanogan Ave, the property is positioned in a market described as experiencing steady growth with limited new supply. This mix of use types can be relevant for buyers looking for diversified income streams within one building.

The Deaconess combines the day-to-day utility of multifamily housing with space for multiple office tenants, supported by the building’s overall mixed-use layout.

Key Highlights

  • Opportunity zone mixed‑use investment
  • Affordable multifamily housing component
  • Multi‑tenant office space component

Property Analytics

Current Use

Calbom & Schwab Law ... Law Firm Jeffrey Schwab Law Firm Columbia Legal Services Law Firm Wenatchee valley dba ... Factory John Black Insurance Insurance Agency

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Fish Market Mobile Phone Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

473
Businesses Nearby

Demographics for 98801, WA

44,970
Population
18,034
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
85%
High-School Grad
153.6 sq mi
ZIP Area
293
Density / Sq Mi
$74,768
Median Household Income
$41,216
Median Earnings
$1,200
Median Rent
$429,700
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 - Mixed-use building with affordable multifamily housing and multi-tenant office space in an opportunity zone downtown Wenatchee location.
Where is this mixed-use property located?
The property is located at 300 S Okanogan Ave Wenatchee, WA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Opportunity zone mixed‑use investment; Affordable multifamily housing component; Multi‑tenant office space component
(206) 774-5439 Call to check price and availability
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