203 N Otto ST Active Save Request In-Person Tour Request Virtual Tour
Port Townsend,WA 98368
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Glen Cove
MLS Listing ID 2154027
Style 71 - Light Indrl.
Year Built 2005
Annual Tax Amount $13,630
Lot Size 2.400 Acres
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.
Location
State WA
County Jefferson
Area 482 - South Port Townsend
Interior
Flooring Concrete
Exterior
Exterior Feature Metal/Vinyl
Building
Sewer Septic Tank
Water Public
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional