21 W 4th Avenue, Omak, WA 98841
Courtesy of Windermere RE/Lake Chelan
- $450,000
- List Price
- $450,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 2561019
- Subtype
- Commercial Sale
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1946
- Lot Size
- 16,117
- Acres
- 0.37
- Subdivision
- Omak
- Neighborhood
- Omak
- MLS Area Major
- Okanogan Valley
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
- Exterior Features
- Metal/Vinyl, Wood, Wood Products
- Property Description
- 60 - Comm Bldg Und 10K
- Flooring
- Laminate, Vinyl, Vinyl Plank, Carpet
- Heating
- Baseboard, Ductless, Wall Furnace
- Air Conditioning
- Ductless, Insert, Window Unit(s)
- Roof
- Built-Up, Metal
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