531 Woodin Ave Chelan, WA 98816-9148
- Hotels
- 1,275 SF
- 0.19 lot acres
Current Use by Public Records
- Hotels
Property Details for 531 Woodin Ave
- Year built
- 1912
- Lot size
- 0.19 lot acres
- Property size
- 1,275 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 272213512379
- APU
- 272213512379
Description
This exceptional investment opportunity presents a profitable, turnkey business in the heart of Lake Chelan, WA. The Deep Water Inn is a premier destination boasting a historic inn and a thriving walk-up cafГ©, all situated on a desirable corner lot at 531 E Woodin Avenue. The property includes seven guest units, each with its own private bathroom and outdoor entry, providing guests with comfort and privacy. Operational efficiency is enhanced by an on-site office, laundry facilities, storage space, and an ice machine room. A separate manager's unit adds to the convenience and functionality of the property. The well-maintained landscaping complements the ample private and street parking available, ensuring ease of access for both guests and staff. The Inn enjoys excellent traveler ratings and positive restaurant reviews, demonstrating its established reputation and strong customer base. All business inventory is included in the sale price of $999,000, making this a truly ready-to-operate venture. The property's prime location offers significant street exposure, attracting a steady flow of customers. Future bookings are already in place, ensuring a smooth transition for the new owner. This rare opportunity combines excellent real estate with a successful, established business, presenting a unique chance to capitalize on a thriving tourism market or to further develop the existing operation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $480,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $475,000
- Mixed-Use
- $420,000
- Hospitality
- $485,000
- Educational
- $515,000
- Residential Income
- $475,000
- Energy
- $440,000
- Income-Based Land
- $475,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Chelan
- County
- Chelan
- State
- Washington
- Longitude
- -120.009
- Latitude
- 47.84
- CBSA code
- 48300
- CBSA name
- WENATCHEE, WA METROPOLITAN STATISTICAL AREA