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Property profile & analytics

531 Woodin Ave Chelan, WA 98816-9148

  • Hotels
  • 1,275 SF
  • 0.19 lot acres
OFF-MARKET
Value Estimation
$415,000
Last Sale
May 20, 2025
$399,000
Location Intelligence
Property ID
US90-1917991
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,023
$210,000
$207,840
$417,840
-
$210,000
$207,840
$417,840
More about this property
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