2590 ElmwayOkanogan, WA 98840

Property Details for 2590 Elmway

Year built

1999

Lot size

0.46 AC

Property size (Sq ft)

1,517 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

3326030027

APU

3326030027

Description

This exceptional 20,038 square foot commercial lot, located at 2590 Elmway in Okanogan, Washington, 98840, presents a unique investment opportunity. Currently configured as a physical therapy office, this property boasts a versatile layout suitable for a wide range of commercial ventures. The building features numerous office spaces and rooms, multiple bathrooms on each floor, a conference room, storage areas, and a kitchen and washer/dryer in the basement. A large connected garage/workout/play space and additional storage are located on the main floor. A full kitchen was previously on the main floor and could be easily reinstated. The property benefits from a metal roof, a heat pump for efficient climate control, and is wheelchair accessible. Ample parking is provided via a paved driveway. A large backyard adds to the property's appeal. The property is well-maintained and enjoys easy access to Okanogan/Omak. Zoned Commercial 2, the possibilities for this property are extensive. The asking price is $325,000. This is a rare opportunity to acquire a versatile commercial property in a desirable location. Don't miss out on this chance to own a piece of Okanogan's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $454,398

  6.5%

  $419,444

  7%

  $389,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $815,068

  Geo Method

  $815,068

• Alternative Use

  Use

  Valuation

  Residential

  $353,817

  Hospitality

  $324,094

  Educational

  $269,643

  Medical

  $278,916

  Retail

  $419,444

Location Insight

City

Okanogan

County

Okanogan

State

Washington

Latitude

48.3898

Longitude

-119.55

Property Tax & Assessments

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