203 N Otto, Port Townsend, WA 98368

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203 N Otto, Port Townsend, WA 98368


Courtesy of: Terry McHugh | RE/MAX FIRST Inc Port Townsend
$3,250,000 Port Townsend, WA 98368
  • 2.40 Acres
  • Jefferson County

Key Features

  • MLS ID: 2154027
  • Year Build: 2005
  • Status: Active
  • Property Type: Commercial Sale
  • Area: 482 - South Port Townsend
  • Exterior: ["Metal/Vinyl"]
  • Address: 203 N Otto , Port Townsend, WA 98368
  • City: Port Townsend
  • State: WA
  • Zip: 98368
  • County: Jefferson

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.

Property Map

SR 20 to E. Fredericks left on Otto St. N property on Left side - look for address plates.

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