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About the Listing 522 - 114506
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Forced Air,Heat Pump,Window Unit(s)
- Heating: Baseboard,Forced Air,Heat Pump
- Fireplaces: 0
- Floor: Concrete,Hardwood,Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Okanogan
Exterior Details
- Lot Description: Zoning: Commercial,Office,Residential,Retail,See Remarks
- Garage Capacity: N/A
- Parking Spaces: 30
- Lot Dimensions: See Realist
- Zoning: Commercial,Office,Residential,Retail,See Remarks
- Roof: Flat,Torch Down
- Others: Brick,Cement/Concrete,Stone,Good
- Sewer: City of Okanogan
Financial Details
- Tax Amount: $18,835
- Taxes w/Assessments: N/A
- Tax/Property ID: 9011000100
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
203 2nd Ave S Okanogan, WA 98840
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