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Property profile & analytics
OFF-MARKET Estimated value $740,000
Retail properties & Spaces

1217 Woodin Ave 1 Chelan, WA 98816-9302

7,945 SF 0.91 ac lot Built 1969
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-2045122
Property summary
AI-generated overview

This exceptional commercial building, located at 1217 W Woodin Avenue in Chelan, WA, presents a unique investment opportunity. Priced at $950,000, the property offers six or more tenant spaces, each adaptable to a variety of permitted and conditional uses. Its prime location within the Waterfront Commercial zone along W. Woodin Avenue (Highway 97A) ensures maximum visibility and exposure to significant traffic volume. The building benefits from convenient access to city water, sewer, and PUD power, simplifying operations and minimizing potential infrastructure concerns. Ample off-street parking is provided for tenants and customers, enhancing the property's overall appeal and functionality. The property's existing infrastructure provides a solid foundation for immediate occupancy and income generation, while also offering potential for future expansion to meet evolving business needs. This strategic location in the heart of Chelan's vibrant Waterfront Commercial District guarantees high foot traffic and strong potential for long-term growth and profitability. The property is situated on a 0-acre lot. This is a rare opportunity to acquire a well-positioned commercial property in a thriving waterfront community.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1969
Total area 7,945 SF
Lot 0.91 ac (39,640 SF)
APN 272214410650
UPID US90-2045122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$979k
Blend (final) Blend
$740k
Owner & transaction history
Gregory Hayenga · 7 yrs held
Gregory Hayenga
since 2019
2 recorded transactions
2019
Price N/A
2019
$350,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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