203 2nd Avenue S, Okanogan, WA 98840
- $2,500,000
Listing courtesy of Windermere RE/Lake Chelan.
- List Price
- $2,500,000
- Status
- ACTIVE
- MLS#
- 2537416
- Days on Market
- 42
- Annual Tax Ammount
- 18835
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.
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Additional Information
- Community
- Okanogan
- Building Condition
- Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1918
- # of Assigned Spaces
- 30
- Roof
- Flat, Torch Down
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Concrete, Hardwood, Laminate, Vinyl, Carpet
- Driving Directions
- Hwy 97/20- to Okanogan Center-to 2nd Avenue S-to Blackwell Building on corner of Queen and 2nd.
- Energy Source
- Electric
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