All homes

$2,500,000

315 Gibson Avenue

Chelan, WA 98816

Active

Beds

Baths

Sq Ft

Lot

0.52 ac

Year built

1956

Type

Commercial Sale

Days listed

89

MLS #

2541255

About this home

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.

Exterior features

Cement/Concrete

Property details

Heating
Baseboard, Ductless, See Remarks, Wall Furnace
Cooling
Ductless, See Remarks
Water source
Public
Sewer
Sewer Connected

Estimate your monthly payment

$12,641/mo

Principal & interest
$12,641
Loan amount $2,000,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Chelan, WA 98816

Approximate location. Contact us to confirm the exact address.

Listing courtesy of KW NCW— Russ McClellan.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.

No spam. We'll only reach out about your search.