332 Gibson Ave Chelan, WA 98816
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 332 Gibson Ave
- Year built
- 1922
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses two parcels totaling over one-third of an acre at 332 W Gibson Avenue in Chelan, WA. The property is zoned TA-Tourist Accommodation, presenting a multitude of development possibilities for the discerning investor. One parcel features a 1338 square foot house, currently gutted, offering a blank canvas for renovation or demolition to accommodate new construction. The second parcel includes a 626 square foot home currently generating rental income. The strategic location directly across the street from Lakeshore RV Park ensures high visibility and convenient access to amenities. This versatile property is ideally suited for a variety of uses, including townhomes, a hotel, resort, short-term rentals, a bed-and-breakfast, retail space, or even an RV park. The high demand for accommodations in this area makes this a lucrative investment with significant upside potential. This is a rare chance to acquire a substantial property in a prime location with exceptional development flexibility. Don't miss this chance to capitalize on the thriving Chelan market. The asking price is $950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chelan
- County
- Chelan
- State
- Washington
- Longitude
- -120.0236
- Latitude
- 47.845
