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Listed by:KW NCW • Russ McClellan
$2,500,000
Est. payment /mo
0.52 Acres Lot
New
315 W Gibson AVE Chelan, WA 98816
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Chelan
MLS Listing ID 2541255
Style 61 - Comm Bldg Ovr 10K
Year Built 1956
Lot Size 0.524 Acres
Property Sub-Type Commercial Industrial
Property Description
Westwind combines existing income with thirteen separately established condominium interests, preserving multiple ownership and exit strategies not typically associated with a traditional multifamily acquisition. Offered as a single acquisition, the project provides the ability to continue current operations while retaining the flexibility associated with separate condominium ownership. Located directly across from Don Morse Memorial Park and within walking distance to Lake Chelan, the marina, restaurants, shopping, grocery stores, the Lakeview Drive-In, bowling, recreation amenities, and Link Transit, the property benefits from one of downtown Chelan's most walkable settings. Seller-owned future air rights, six garages, demonstrated renovation upside, and Downtown Mixed Residential zoning provide additional flexibility for future ownership objectives. Buyers may elect to continue operations, enhance income through renovations, pursue individual condominium dispositions over time, hold for long-term appreciation, or independently evaluate future expansion or redevelopment concepts. Buyer to verify all information material to intended use.
Location
State WA
County Chelan
Area 961 - Lake Chelan
Interior
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
"Three Trees" icon indicates a listing provided courtesy of NWMLS.