1604 Wenatchee AveWenatchee, WA 98801

Property Details for 1604 Wenatchee Ave

Lot size

0.50 AC

Property size (Sq ft)

3,453 SF

Property type

Office properties

Property subtype

Office buildings

APN

232033140900

APU

232033140900

Description

This exceptional retail property presents a unique investment opportunity situated on a high-traffic corner of N Wenatchee Avenue in Chelan County. Boasting excellent visibility and exposure, this ±21,780 square foot lot (APN: 232033140900) is currently improved with a commercial building, specifically a grocery outlet, featuring multiple tenancies. One retail space is currently available, offering immediate potential for a variety of businesses to capitalize on the significant foot traffic and prominent location. The property's prime corner location ensures maximum exposure to passing vehicles and pedestrians, making it an ideal site for a business seeking high visibility and accessibility. The substantial lot size provides ample space for potential expansion or redevelopment, allowing for significant future growth and adaptation to evolving market demands. This property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged to explore the possibilities of this exceptional retail location. The property is located in Chelan County and offers a rare opportunity to establish a thriving business in a high-demand area. Further details regarding the existing building and available space can be provided upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $728,798

  6.5%

  $672,737

  7%

  $624,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $889,575

  Geo Method

  $736,214

• Alternative Use

  Use

  Valuation

  Residential

  $834,194

  Hospitality

  $764,117

  Educational

  $635,736

  Medical

  $657,600

  Retail

  $988,923

Location Insight

City

Wenatchee

County

Chelan

State

Washington

Latitude

47.4464

Longitude

-120.33

CBSA code

48300

CBSA name

WENATCHEE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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