Listing provided by NWMLS, courtesy of Urban Commercial Partners, LLC

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Pending
$2,500,000
/mo   Edit
MLS# 1524307
Commercial/Industrial
Built 1977
1.056 acres
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    Description:   Trophy property in the heart of Lake Chelan, with 1.06 acres of prime development land in the heart of the retail district. Red Apple Market has occupied this property for 30+ years, and has a lease which runs through March 2023. Developers can take advantage of the existing rental income while working on entitlements for a mixed use project. Conversely, investors can work with the existing tenant for a long term lease extension or re-brand the asset to attract a new long term tenant.

    Interior

    Approx. Sq Ft: 0 ft²
    Approx. Office Sq Ft: 0 ft²
    Approx. Whse/Mfg Sq Ft: 0 ft²
    Approx. Building Sq Ft: 14,062 ft²

    Location

    City: Chelan
    State: WA
    Zip Code: 98816
    Area: 961
    County: Chelan
    Latitude: 47.84269800
    Longitude: -120.02323100

    Building

    Year Built: 1977
    Power Service in AMPS: 0

    Lot

    Depth of Lot: 0
    Lot Sq Ft: 46,000 ft²

    Site

    Community Name: Chelan
    Number of Available Pads: 0
    General Zoning Classification: Commercial
    Zoning Jurisdiction: City
    Site Frontage: 0

    Rent

    Terms: Cash Out

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: None
    Electrical Expenses: 0
    Total Expenses: 0
    Tax Year: 0
    Gross Scheduled Income: 0
    Vacancy Rate: 0
    Gross Adjusted Income: 0
    Total Expenses: 0
    Net Operating Costs: 0
    Cap Rate -NOI div LP: 0.00

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    Listing provided by NWMLS, courtesy of Urban Commercial Partners, LLC