203 Otto Street, Port Townsend, WA 98368
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- MLS#: NWM2154027 ( Commercial Sale )
- Street Address: 203 Otto Street
- Viewed: 6
- Price: $3,250,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2005
- Bldg sqft: 0
- Acreage: 2.40 acres
- Additional Information
- Geolocation: 48.0914 / -122.815
- County: JEFFERSON
- City: Port Townsend
- Zipcode: 98368
- Subdivision: Glen Cove
- Provided by: RE/MAX FIRST Inc Port Townsend
- Contact: Terry McHugh
- 360-385-6499
- Provided by: RE/MAX FIRST Inc Port Townsend
- Listings provided courtesy of the North West Multiple Listing Service. Disclaimer: The information contained in this listing has not been verified by RE/MAX FIRST Inc Port Townsend and should be verified by the buyer.
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DescriptionNo 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.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Heat Pump
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Metal/Vinyl
Flooring
- Concrete
Garage Spaces
- 0.00
Heating
- Heat Pump
- Radiator
Insurance Expense
- 9684.00
Interior Features
- Concrete
Living Area
- 0.00
Area Major
- 482 - South Port Townsend
Net Operating Income
- 0.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 986701902
Possession
- Closing
Possible Use
- Commercial
- Industrial
Property Type
- Commercial Sale
Sewer
- Septic Tank
Tax Year
- 2022
Water Source
- Public
Year Built
- 2005