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214 Pine St 0.03 Acres of Commercial Land Offered at $581,073 CAD in Okanogan, WA 98840
Investment Highlights
- Historic Jewel Box with New 5-Year Edward Jones Lease
Executive Summary
Solid 6% Cap! New 5-year lease signed with Edward Jones commencing 2/1/26, with annual 2.75% rent escalations. Historic brick building was completely renovated in 2006 to code (including roof, refurbished brick exterior, central a/c & heat), and remodeled by Edward Jones in 2015, and has undergone updates since in compliance with tenant’s standards. Property has been well-maintained. Landlord responsibilities are taxes, insurance and exterior maintenance, not including snow removal.
Property is located in the downtown historic district, with old-style charm and many original features, including light fixtures, unique windows, skylights, and custom reception desk from original mahogany. Main floor has 10’ ceilings, open reception area, 3 offices, kitchen area, storage room and ADA bathroom. Daylight basement is a large room with full kitchen, and bathroom with shower + storage room.
Excellent hands-off bite size investment property!
Property is located in the downtown historic district, with old-style charm and many original features, including light fixtures, unique windows, skylights, and custom reception desk from original mahogany. Main floor has 10’ ceilings, open reception area, 3 offices, kitchen area, storage room and ADA bathroom. Daylight basement is a large room with full kitchen, and bathroom with shower + storage room.
Excellent hands-off bite size investment property!
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$39,896
|
$1,329,859.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,896
|
$1,329,859.10
|
| Taxes |
$3,217
|
$107,236.41
|
| Operating Expenses |
$1,813
|
$60,431.57
|
| Total Expenses |
$5,030
|
$167,667.98
|
| Net Operating Income |
$34,866
|
$1,162,191.12
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $39,896 |
| Annual Per AC | $1,329,859.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $39,896 |
| Annual Per AC | $1,329,859.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,217 |
| Annual Per AC | $107,236.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,813 |
| Annual Per AC | $60,431.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,030 |
| Annual Per AC | $167,667.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $34,866 |
| Annual Per AC | $1,162,191.12 |
Property Facts
| Price | $581,073 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.03 AC |
| Price | $581,073 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.03 AC |
1 Lot Available
Lot
| Price | $581,073 CAD | Lot Size | 0.03 AC |
| Price Per AC | $19,369,092.48 CAD |
| Price | $581,073 CAD |
| Price Per AC | $19,369,092.48 CAD |
| Lot Size | 0.03 AC |
1 1
Property Taxes
| Parcel Number | 1250060403 | Total Assessment | $327,315 CAD (2025) |
| Land Assessment | $3,008 CAD (2025) | Annual Taxes | $3,217 CAD |
| Improvements Assessment | $324,307 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
1250060403
Land Assessment
$3,008 CAD (2025)
Improvements Assessment
$324,307 CAD (2025)
Total Assessment
$327,315 CAD (2025)
Annual Taxes
$3,217 CAD
Tax Year
2026 Payable 2026
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214 Pine St
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