101 Gala Ave
Chelan WA 98816
Glacier West Chelan
101 Gala Ave Chelan WA 98816
Listing #: 714424 | Status: Available | Last Modified: 7/2/2026 |
For Sale
- Phone:(206) 826-5787
- Email:browngroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,930,000.0
- $/SF$ 76.9
- Listing StatusAvailable
- Days on Market17
- Asset ClassIndustrial
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 10.07 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Dock High Doors
- Semi-Dock Doors
- Grade Level Door Count
- Crane Count
- Building StatusExisting
- # of Buildings4
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF38080
- Net Rentable Area38080
- Total Office SF
- Largest Contiguous SF
- Lot SF157252
- Acres3.61
- Property TypeIndustrial
- Office Type
- Building Class
- CountyChelan
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaChelan County
- Tax ID #272318627060
- Additional Parcels
- ZoningW-I
- Year Built1927
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Glacier West Chelan
We have been selected to exclusively market for sale Glacier West Chelan, a compelling value-add boat storage or light industrial opportunity located in Chelan, Washington. The Property is currently operated primarily as boat storage, with a portion leased to an industrial tenant (Empire Controls), offering multiple avenues for a new owner to enhance value through increased storage occupancy and/or conversion of portions of the Property to light industrial uses. Offered at an attractive $84.44/SF ($29.90/SF Land), the Property is priced well below the approximately $106/SF market pricing in the Chelan Valley and significantly below replacement cost, providing a compelling basis with meaningful downside protection for investors and owner-users. The Property is located within Chelan’s Industrial District, in a market where industrial vacancy across the Chelan Valley is currently 0%, creating favorable operating conditions driven by limited available space and minimal new development. Zoned W-I (Warehousing & Industrial), the Property allows for a broad range of warehouse, storage, and light industrial uses, offering flexible repositioning optionality. The site benefits from immediate proximity to the Apple Blossom Center, a major mixed-use development planned to include more than 425 residential units and future commercial space, reinforcing long-term growth and demand drivers throughout the East Chelan corridor. Additionally, the Chelan Valley attracts over 2 million visitors annually, generating more than $458 million in annual tourism revenue (2023) for Chelan County and supporting year-round demand from both visitors and residents. The Property is also located in Washington State, which imposes no state personal income tax, providing a favorable tax environment for investors and owner-users alike.









