Provided by NWMLS, Listed by RE/MAX FIRST Inc Port Townsend
Active
203 N Otto
Port Townsend WA, 98368
$3,250,000
Active
Commercial
Built in 2005
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.
2154027
MLSⓇ ID
August 23, 2023
Listed
April 5, 2024
Updated
Map
203 N Otto
Port Townsend WA, 98368
Interior Features
Interior Features
Concrete
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Heat Pump, Radiator
Exterior/Building Features
Lot Size
2.4 Acres
Exterior Features
Metal/Vinyl
Sewer
Septic Tank
Other Property Details
Area Name
482 - South Port Townsend
Taxes
$13,630
Tax Frequency
Annually
Garage
No
Parking Total
0
View
No
County
Jefferson
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 5/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/2/2024 at 4:00 PM UTC