$2,500,000

0 Beds 0 Baths 0 SQFT 0.52 Acres
Type: Commercial

315 W Gibson Avenue
Chelan, WA 98816

MLS#: 2541255
Presented by: KW Frontline and NWMLS

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.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0

General

Building Area Units0 sqft
Carport Y/NNo
CityChelan
CoolingDuctless, See Remarks
CountyChelan
DirectionsFrom downtown Chelan, head west on Woodin Ave, turn right on N Emerson St, then left on W Gibson Ave. 315 W Gibson Ave will be on your left.
HOANo
HOA Fee$0
HeatingBaseboard, Ductless, See Remarks, Wall Furnace
Listing TermsCash, Conventional, Owner Will Carry
Living Area0 sqft
Lot Size Square Feet22,836 sqft
Lot Size UnitsSquare Feet
MLS Area961 - Lake Chelan
NWM_ShowMapLinkY
PossessionSee Remarks, Subject To Tenant Rights
Possible UseCommercial, Multi-Family, Office, Residential, See Remarks
Property Style61 - Comm Bldg Ovr 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksWestwind combines existing income with thirteen separately established condominium interests, preserving multiple ownership and exit strategies not typically associated with a traditional multifamily
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeUnspecified
Subdivision NameChelan
TopographyLevel
Year Built1956
Zoning DescriptionCommercial, Multi-Family, Office, Residential, See Remarks

Exterior

Building Area Total0 sqft
Exterior AmenitiesCement/Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres0.5242
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$2,500,000

0 Beds 0 Baths 0 SQFT 0.52 Acres
Type: Commercial

315 W Gibson Avenue
Chelan, WA 98816

MLS#: 2541255