$2,500,000
203 2nd Avenue S, Okanogan, WA 98840
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MLS #2537416 / Listing provided by NWMLS & Windermere RE/Lake Chelan.

$2,500,000

203 2nd Avenue S
Okanogan, WA 98840

Active 17 hours ago
1918
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Parking Total: 30
  • Total Uncovered Parking Spaces: 30

Structure

  • Roof: Flat, Torch Down
  • Exterior Features: Brick, Cement/Concrete, Stone
  • Foundation: Block, Poured Concrete

Lot Details

  • Acres: 0.8
  • Foundation: Block, Poured Concrete
Area Features

Lot Details

  • Acres: 0.8
  • Foundation: Block, Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Okanogan County PUD

Water, Sewer, and Garbage

  • Sewer Company: City of Okanogan
  • Sewer: Sewer Connected
  • Water Company: City of Okanogan
  • Water Source: Public
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