Address
203 N Otto, Port Townsend, WA
Price
$ 3,250,000
Property Attributes
- ID#2154027
- TypeCommercial
- CountyJEFFERSON
- CityPort Townsend
- AreaSouth Port Townsend
- NeighborhoodGlen Cove
- Zip98368
- StyleLight Indrl.
- Year Built2005
- Taxes$ 13630
- Price$ 3,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.4 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
No Development needed! ROI starts at closing with a solid 7% Cap. rate in Port Townsend! - 5 buildings totaling 27,624 sqft., rentable, 3 full size loading docks, 3 tax parcels, 11 tenants all on 2.4 ~ acs. Fully leased with a long history of 100% occupancy, 5 minutes from downtown Port Townsend. Price per Building SF= $117. 65 Each building is in excellent condition with NO deferred maintenance. A diverse eclectic group of tenants make for great business park that's very manageable. This is a great investment opportunity in a happening small city on the North Olympic Peninsula.
| Price History | |
|---|---|
| 8/24/2023 | Listed $3,250,000 |
General Features
| Building Area Units | Square Feet |
|---|---|
| Carport Y/N | No |
| City | Port Townsend |
| County | Jefferson |
| Directions | SR 20 to E. Fredericks left on Otto St. N property on Left side - look for address plates. |
| Exterior Features | Metal/Vinyl |
| Insurance Expense | 9684 |
| Interior Features | Concrete |
| Listing Terms | Cash Out, Conventional |
| Lot Size Square Feet | 104544 |
| MLS Area | 482 - South Port Townsend |
| Possession | Closing |
| Possible Use | Commercial, Industrial |
| Property Style | 71 - Light Indrl. |
| Property SubType | Commercial Industrial |
| Property Type | Commercial Sale |
| Public Remarks | No Development needed! ROI starts at closing with a solid 7% Cap. rate in Port Townsend! - 5 buildings totaling 27, 624 sqft., rentable, 3 full size loading docks, 3 tax parcels, 11 tenants all on 2.4 ~ |
| Senior Community Y/N | No |
| Sewer | Septic Tank |
| Special Listing Conditions | None |
| Standard Status | Active |
| Status | Active |
| Street Name | Otto |
| Structure Type | Industrial |
| Subdivision Name | Glen Cove |
| Tax Annual Amount | 13630 |
| Tax Year | 2022 |
| Topography | Level, Sloped |
| Water Company | City of PT |
| Year Built | 2005 |
| Zoning Class | Commercial, Industrial-Light |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Fireplace Y/N | No |
| Flooring | Concrete |
| Furnished Y/N | Unfurnished |
| Heating Y/N | Yes |
| Living Area Units | Square Feet |
| Power Production Type | Electric |
Exterior Features
| Accessory Dwelling Unit | DetachedDwelling |
|---|---|
| Foundation Details | Poured Concrete |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 2.4 |
| Lot Size Units | Square Feet |
| Open Parking Y/N | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 98368
Price
Taxes
Visits
Year Built
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