Description
Rare investment opportunity in the heart of Lake Chelan's thriving hospitality district. Encompassing nearly ½ acre across two tax parcels, this commercially zoned property offers an exceptional combination of existing income potential, valuable infrastructure, and future redevelopment opportunities in one of Chelan's most desirable commercial locations. Existing improvements include 10 rental units with kitchens or kitchenettes, a 1,520 sq. ft. three-bedroom residence, office, swimming pool, ample parking, mature landscaping, and established utility infrastructure. With a proven operating history already in place, the property is well-positioned for continued hospitality use, renovation, expansion, or redevelopment. Located just minutes from downtown Chelan and close to Lake Chelan, the property enjoys excellent visibility, easy access, and year-round tourism within an established hospitality corridor. Commercial zoning provides flexibility for a variety of future uses, including boutique hotel, vacation lodging, extended-stay accommodations, or other hospitality concepts (buyer to verify intended uses). Large commercial parcels of this size in central Chelan are increasingly rare. Opportunities to acquire a property with this location, scale, infrastructure, and long-term upside are exceptional.
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0BEDS
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0.46ACRES
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0BATHS
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01/2 BATHS
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1,520SQFT
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$1,480$/SQFT
School Ratings & Info
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of RE/MAX Advantage.
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Description
Rare investment opportunity in the heart of Lake Chelan's thriving hospitality district. Encompassing nearly ½ acre across two tax parcels, this commercially zoned property offers an exceptional combination of existing income potential, valuable infrastructure, and future redevelopment opportunities in one of Chelan's most desirable commercial locations. Existing improvements include 10 rental units with kitchens or kitchenettes, a 1,520 sq. ft. three-bedroom residence, office, swimming pool, ample parking, mature landscaping, and established utility infrastructure. With a proven operating history already in place, the property is well-positioned for continued hospitality use, renovation, expansion, or redevelopment. Located just minutes from downtown Chelan and close to Lake Chelan, the property enjoys excellent visibility, easy access, and year-round tourism within an established hospitality corridor. Commercial zoning provides flexibility for a variety of future uses, including boutique hotel, vacation lodging, extended-stay accommodations, or other hospitality concepts (buyer to verify intended uses). Large commercial parcels of this size in central Chelan are increasingly rare. Opportunities to acquire a property with this location, scale, infrastructure, and long-term upside are exceptional.
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