203 N Otto Street
Port Townsend, WA 98368
2.40 acres | #2154027
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 Details
- Property SubtypeCommercial Industrial
- Style71 - Light Indrl.
- FoundationPoured Concrete
- Date ListedAugust 23, 2023
- Exterior MaterialsMetal/Vinyl
- Sewer InformationSeptic Tank
- Original List Price$3,250,000
- Structure TypeIndustrial
- SubdivisionGlen Cove
- CountyJefferson
- InteriorConcrete
- Property TypePurchase
- Taxes Annual$13,630
- MLS #2154027
- Cost3250000
- MLS #2154027
- Utility SourcePublic
- Year Built2005
- Acres2.4
- Days on Market (Cumulative)509
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-22 00:28:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Terry McHugh (#NWM26127)
Listing Office: RE/MAX FIRST Inc Port Townsend (#NWM9548)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
