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    OFF-MARKET
    Hotels

    531 Woodin Ave, Chelan, WA 98816-9148

    1,275 SF 0.19 ac lot Built 1912
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US90-1917991
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 1912
    Total area 1,275 SF
    Lot 0.19 ac (8,276 SF)
    APN 272213512379
    UPID US90-1917991
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Deep Water Investments LLC · 1 yrs held
    Deep Water Investments LLC
    since 2025
    Last sale
    $399,000
    4 recorded transactions
    2025
    $109,988
    2019
    2018
    $399,000
    2013
    $289,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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