$2,500,000
( )
 $13,421 est/mo Sourced by Back At You

203 2nd Avenue,Okanogan, WA 98840

Okanogan, WA 98840

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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 lota 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.

Details

MLS #2537416
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1918
Days On Site94
Listing Provided ByWindermere RE/Lake Chelan | John Gasper

Features

ZoningCommercial,Office,Residential,Re
Acreage0.80

Taxes

Property18835

Area Information

StateWA
CountyOkanogan
CityOkanogan
Zip Code98840
Area620 Okanogan Valley
Community NameOkanogan
Listing VS Median (in Okanogan)
Price:
$2,500,000
low | high
Med:
$357,250
100% of Average
On site:
94
low | high
Med:
100
94% of Average
Sourced by Back At You

Market Activity 98840

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Learn More About This Property

StateWA
CountyOkanogan
CityOkanogan
Zip Code98840
Area620 Okanogan Valley
Community NameOkanogan
Listing VS Median (in Okanogan)
Price:
$2,500,000
low | high
Med:
$357,250
100% of Average
On site:
94
low | high
Med:
100
94% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.875M - $3.125M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
303 2nd Avenue Property Photo 1
$899,000
303 2nd Avenue
Okanogan, WA 98840
214 Pine Street Property Photo 1
$449,900
214 Pine Street
Okanogan, WA 98840
Listing Updated: June 18, 2026 at 7:33:08 AM PDT