About this home

Rare investment opportunity in the heart of Lake Chelan's thriving hospitality district. Encompassing nearly ½ acre across two tax parcels, this commercially zoned property offers an exceptional combination of existing income potential, valuable infrastructure, and future redevelopment opportunities in one of Chelan's most desirable commercial locations. Existing improvements include 10 rental units with kitchens or kitchenettes, a 1,520 sq. ft. three-bedroom residence, office, swimming pool, ample parking, mature landscaping, and established utility infrastructure. With a proven operating history already in place, the property is well-positioned for continued hospitality use, renovation, expansion, or redevelopment. Located just minutes from downtown Chelan and close to Lake Chelan, the property enjoys excellent visibility, easy access, and year-round tourism within an established hospitality corridor. Commercial zoning provides flexibility for a variety of future uses, including boutique hotel, vacation lodging, extended-stay accommodations, or other hospitality concepts (buyer to verify intended uses). Large commercial parcels of this size in central Chelan are increasingly rare. Opportunities to acquire a property with this location, scale, infrastructure, and long-term upside are exceptional.

Exterior features

Property details

Heating

Fireplace Insert, Heat Pump

Cooling

Heat Pump, Insert

Flooring

Ceramic Tile, Laminate, Carpet

Water source

Public

Sewer

Sewer Connected

Costs

Annual taxes

$4,313 (2026)

Location

Chelan, WA 98816