96 Pine StOkanogan, WA 98840

Property Details for 96 Pine St

Year built

2004

Lot size

0.40 AC

Property size (Sq ft)

1,334 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3326160042

APU

3326160042

Description

This exceptional 19,000 square-foot multi-use property, situated on a 0.4-acre lot at 96 E Pine Street in Okanogan, Washington, presents a rare investment opportunity. Originally constructed in 1932, this building boasts impressive architectural details, including expansive locally-sourced structural timbers and beams. Substantial renovations in 2005 modernized the property significantly, incorporating a comprehensive fire suppression system, upgraded electrical and plumbing infrastructure, and other contemporary features. The property includes a fully equipped commercial kitchen and dining area, a spacious banquet hall with seating for 280, and two large cold storage rooms. A large sanitary food-processing room adds to the versatility, complemented by multiple storage and office units. The building's size and diverse features offer almost limitless potential for various commercial ventures, particularly within the wine and agriculture sectors. Industrial or residential repurposing also presents viable options for creative entrepreneurs. Priced at $599,900, this property represents a unique chance to acquire a substantial and adaptable commercial space in a desirable location. The combination of historical charm and modern upgrades makes this a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $399,583

  6.5%

  $368,846

  7%

  $342,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $716,744

  Geo Method

  $716,744

• Alternative Use

  Use

  Valuation

  Residential

  $311,135

  Hospitality

  $284,998

  Educational

  $237,115

  Medical

  $245,270

  Retail

  $368,846

Location Insight

City

Okanogan

County

Okanogan

State

Washington

Latitude

48.3619

Longitude

-119.578

Property Tax & Assessments

FAQs

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