Multi-Family

Sunset Marina Condos

1328 W Woodin Ave, Chelan, WA 98816

Listing Price: Request For Offer

Lot Size
1.21 acres
Land Type
Land

Investment Overview

The Sunset Marina Condos is a development site located at approximately 1328 W Woodin Avenue in Chelan, Washington. It consists of a single tax parcel of irregular shape along the shores of Lake Chelan with an approximate area of 52,913/SF. The parcel is zoned Waterfront Commercial (C-W) and is entitled for up to 24 condominiums units. Currently the site is a gravel vacant lot. The site is immediately adjacent to Lake Chelan to the north, Sunset Marina and the Chelan-Stehekin Ferry to the west, West Woodin Avenue to the south, and Lake Shores Watercraft and Boat Rentals to the east. Nearby amenities beyond the aforementioned Sunset Marina and Chelan-Stehekin Ferry Terminal include Slidewaters Water Park, located just down the street from the site, and downtown Chelan is just over a mile from the property. The property is also in close proximity to Lake Chelan Municipal Golf Course and several wineries. The project would contain approximately 56,702/SF of finished space and an additional 18,612/SF of underground garage space for up to 43 vehicles. An additional 5 parking spaces would be available on the surface. Six condominium configurations with two or three bedroom layouts have been designed with sizes ranging between 1,451/SF and 2,493/SF. Condo owners would have access to the Sunset Marina Club House, the primer luxury marina on Lake Chelan, and an opportunity to acquire a 24’, 30’ or 40’ boat slip at the marina. The opportunity for an investor is to develop a nearly fully entitled site with a premium location on the shores of Lake Chelan. The project would be the first new condominium developed in Chelan in over a decade. Recent condominium sales of older product have sold for over $500/SF while new home sales on the waterfront have been even higher. The Sunset Marina Condos is a unique opportunity for a developer to capitalize on a nearly shovel ready site on the shores of Lake Chelan.

Investment Highlights

  • 24-unit luxury waterfront condominium development
  • Nearly fully entitled
  • New condominium owners have access to the premier luxury clubhouse

Exclusively Listed By

Listing Price: Request For Offer

Lot Size
1.21 acres
Land Type
Land

Investment Highlights

  • 24-unit luxury waterfront condominium development
  • Nearly fully entitled
  • New condominium owners have access to the premier luxury clubhouse

Investment Overview

The Sunset Marina Condos is a development site located at approximately 1328 W Woodin Avenue in Chelan, Washington. It consists of a single tax parcel of irregular shape along the shores of Lake Chelan with an approximate area of 52,913/SF. The parcel is zoned Waterfront Commercial (C-W) and is entitled for up to 24 condominiums units. Currently the site is a gravel vacant lot. The site is immediately adjacent to Lake Chelan to the north, Sunset Marina and the Chelan-Stehekin Ferry to the west, West Woodin Avenue to the south, and Lake Shores Watercraft and Boat Rentals to the east. Nearby amenities beyond the aforementioned Sunset Marina and Chelan-Stehekin Ferry Terminal include Slidewaters Water Park, located just down the street from the site, and downtown Chelan is just over a mile from the property. The property is also in close proximity to Lake Chelan Municipal Golf Course and several wineries. The project would contain approximately 56,702/SF of finished space and an additional 18,612/SF of underground garage space for up to 43 vehicles. An additional 5 parking spaces would be available on the surface. Six condominium configurations with two or three bedroom layouts have been designed with sizes ranging between 1,451/SF and 2,493/SF. Condo owners would have access to the Sunset Marina Club House, the primer luxury marina on Lake Chelan, and an opportunity to acquire a 24’, 30’ or 40’ boat slip at the marina. The opportunity for an investor is to develop a nearly fully entitled site with a premium location on the shores of Lake Chelan. The project would be the first new condominium developed in Chelan in over a decade. Recent condominium sales of older product have sold for over $500/SF while new home sales on the waterfront have been even higher. The Sunset Marina Condos is a unique opportunity for a developer to capitalize on a nearly shovel ready site on the shores of Lake Chelan.

Exclusively Listed By

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