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Listed by:Windermere RE/Lake Chelan • John Gasper
$2,500,000
Est. payment /mo
0.8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Okanogan
MLS Listing ID 2537416
Style 61 - Comm Bldg Ovr 10K
Year Built 1918
Annual Tax Amount $18,835
Lot Size 0.800 Acres
Lot Dimensions See Realist
Property Sub-Type Commercial Industrial
Property Description
Rare investment opportunity in the heart of Okanogan. The historic Blackwell Building (built in 1918) is a fully occupied cornerstone of a classic "Main Street" footprint. Beautifully remodeled in 2007, this approx. 40,000SF architectural gem features a timeless exterior, strong sidewalk presence, vaulted ceilings, skylights, Douglas Fir beams, chandeliers, exposed brick and designated 11,713SF parking lot—a premium amenity for downtown properties. Located in the county seat, the versatile layout includes 7,236 SF of main-level retail/office storefronts - currently occupied by a real estate brokerage, land trust, law firm, and wellness business. The building is well-positioned to capture traffic along the Hwy 215 business loop. The upper two levels have 16 residential apartments currently rented month-to-month. Value-add potential includes 8,359 SF of vacant basement space that could be used for storage or remodeled for office expansion. Equipped with elevator service accessing all floors, it blends infrastructure with early-1900's charm. The exterior doubles as a public canvas featuring large-scale historic murals from the Frank Matsura Tour that attract visitors. Ideal for niche retail, craft breweries, or farm-to-table dining designed to capture regional travelers. Also included are two parking lots totaling 10,590SF that are leased to the Okanogan County Transit Authority. This historic landmark is a rare, portfolio piece with true repositioning and value-add potential.
Location
State WA
County Okanogan
Area 620 - Okanogan Valley
Interior
Flooring Concrete, Hardwood, Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Cement/Concrete, Stone
Roof Type Flat,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Leon Harper
Real Estate Professional | License ID: 18115
Real Estate Professional License ID: 18115