$ 3,250,000
203 N Otto ST Port Townsend, WA 98368
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Listed by RE/MAX FIRST Inc Port Townsend
$ 3,250,000
Est. payment /mo
Active
203 N Otto ST Port Townsend, WA 98368
2.4 Acres Lot
UPDATED:
11/14/2024 04:06 AM
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
Interior Features Concrete
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Building
Sewer Septic Tank
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.