21 W 4th Avenue, Omak, WA 98841
- $450,000
Listing courtesy of Windermere RE/Lake Chelan.
- List Price
- $450,000
- Status
- ACTIVE
- MLS#
- 2561019
- Days on Market
- 0
- Annual Tax Ammount
- 1602
Property Description
High-performing commercial investment opportunity with an attractive 8% cap rate in the heart of Omak, Washington. Located on a high-visibility, high-traffic corridor with outstanding access from both Omak and neighboring Okanogan, this turnkey income-producing property offers immediate cash flow and long-term investment potential. The commercial building features three established tenants including a chiropractor, salon, and Beltone Hearing, plus two residential rental homes on commercially zoned property for diversified income. Major updates include a new roof (2014), building renovation (2023), parking lot replacement (2018), recent reseal and striping, mini-splits (2025), and exterior paint on the homes. Offering 11 parking spaces, excellent signage, strong street exposure, and mostly month-to-month leases (one through Sept. 2028), this is an outstanding opportunity for investors seeking a mixed-use commercial property, rental income, or owner-investment. Additional back area once used as meat cutting business could also be leased- has separate entry and access to 2 walk-in coolers, currently empty and storage. Family owned for generations and offered as-is.
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Additional Information
- Community
- Omak
- Building Condition
- Fixer
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1946
- # of Assigned Spaces
- 11
- Roof
- Built-Up, Metal
- Tax Year
- 2026
- Potential Terms
- Cash, Owner Will Carry
- Flooring
- Laminate, Vinyl, Vinyl Plank, Carpet
- Driving Directions
- Hwy 97 to Omak, Turn on Oak street exit, continue on 97 Hwy Business/Okoma Dr, turns into 4th Ave W at curve, property on Right.
- Electric Expenses
- 4806
- Energy Source
- Electric
- Net Operating Income
- $34,824
- Gross Scheduled Income
- $53,100
- Water/Sewer/Garbage Expenses
- $7,224
- Cap Rate
- 8
- Total Expenses
- $18,276
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.