Property Details
21 W 4th Avenue
Omak, WA 98841
$450,000
Active
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Property Overview
High-performing commercial investment opportunity with an attractive 8% cap rate in the heart of Omak, Washington. Located on a high-visibility, high-traffic corridor with outstanding access from both Omak and neighboring Okanogan, this turnkey income-producing property offers immediate cash flow and long-term investment potential. The commercial building features three established tenants including a chiropractor, salon, and Beltone Hearing, plus two residential rental homes on commercially zoned property for diversified income. Major updates include a new roof (2014), building renovation (2023), parking lot replacement (2018), recent reseal and striping, mini-splits (2025), and exterior paint on the homes. Offering 11 parking spaces, excellent signage, strong street exposure, and mostly month-to-month leases (one through Sept. 2028), this is an outstanding opportunity for investors seeking a mixed-use commercial property, rental income, or owner-investment. Additional back area once used as meat cutting business could also be leased- has separate entry and access to 2 walk-in coolers, currently empty and storage. Family owned for generations and offered as-is.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Okanogan
Neighborhood
Omak
Listed
Jul 28, 2026
Parcel Number
1770071600
Tax & HOA
Annual Property Tax
$1,602 (2026)
Est. Monthly Tax
$134/mo
Financial Summary
Cap Rate
8.00%
Net Operating Income
$34,824
Gross Scheduled Income
$53,100
Total Expenses
$18,276
Building & Use
Building Sq Ft
3,723
Total Units
5
Zoning
Business,Commercial,See Remarks
Possible Use
Business, Commercial, See Remarks
Lot Size
16,117 sqft
Year Built
1946
Exterior & Lot
Lot Size
0.37 sqft
Year Built
1946
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Metal/Vinyl, Wood, Wood Products
Community & Access
Directions
Hwy 97 to Omak, Turn on Oak street exit, continue on 97 Hwy Business/Okoma Dr, turns into 4th Ave W at curve, property on Right.
Location
City
Omak
County
Okanogan
Coordinates
48.40568, -119.52961
Additional Information
Tax Year
2026
Annual Taxes
$1,602
Possession
Array
Based on information submitted to the MLS GRID as of August 3, 2026 10:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
