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Historic Mixed-Use Building For Sale

1020 Water Street Port Townsend, WA 98368

1020 Water Street, Port Townsend, WA, 98368
$1,500,000
For Sale
$1,500,000

Downtown Port Townsend mixed-use building with retail and residential units.

Days on Market433

Property Features for 1020 Water Street

General Information

Standard status
Active

Building Details

Year Built
1889
Listing agency JOHN L. SCOTT PORT TOWNSEND
Listed by MICHAEL MORROW
Source Corcoran
Added: May 15, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT PORT TOWNSEND


Investment Insights

Based on property information with market context.

This historic building, originally the State Bank of Washington, is centrally located in the downtown Business District of Port Townsend. The mixed-use property features retail space on the ground floor and residential apartments on the 2nd and 3rd floors. Some of the apartments offer views of Port Townsend Bay and the Cascade Mountains. The penthouse is well-appointed and includes a grand fireplace and an easy-to-use kitchen. The building was extensively remodeled 10 years ago, with updated electrical, plumbing, and windows. The main floor retail space is equipped with a ductless heat pump.

Key Highlights

  • Historic building: Originally the State Bank of Washington.
  • Mixed‑use property: Retail space on the ground floor and residential apartments on the upper floors.
  • Central downtown location: Situated in the heart of the Business District.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Building Supply Auto Parts Store Auto Repair Shop HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Downtown Port Townsend mixed-use building with retail and residential units.
Where is this mixed-use property located?
The property is located at 1020 Water Street Port Townsend, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Historic building: Originally the State Bank of Washington.; Mixed‑use property: Retail space on the ground floor and residential apartments on the upper floors.; Central downtown location: Situated in the heart of the Business District.
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