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Port Townsend Commercial Investment Opportunity
For Sale
$3,250,000
Pending

205 Otto St, Port Townsend, WA 98368

Five buildings, 27,624 sqft, 2.4 acres, fully leased.

Property SizeContact for details
Days on Market544

Property Features for 205 Otto St

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 2005
Listing Agency: RE/MAX FIRST, INC.
Listed By: TERENCE MCHUGH
Source: Corcoran
Added: Feb 14, 2025 Changed: Jul 6 Last Checked: Jul 23 at 8:53AM

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 RE/MAX FIRST, INC.

Investment Insights

Based on property information with market context.

This commercial opportunity in Port Townsend includes five buildings totaling 27,624 square feet, situated on three tax parcels totaling 2.4 acres. The property is fully leased to 11 tenants and has a history of 100% occupancy. Each building is in excellent condition with no deferred maintenance.

Key Highlights

  • Fully leased commercial property with 100% occupancy history.
  • Five buildings totaling 27,624 sqft.
  • Three tax parcels totaling 2.4 acres.

Property Analytics

Current Use

Investment properties

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Building Supply Catering Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

84
Businesses Nearby

Demographics for 98368, WA

16,567
Population
9,739
Households
1.7
Avg Household Size
61
Median Age
51%
College-Educated
97%
High-School Grad
52.3 sq mi
ZIP Area
317
Density / Sq Mi
$67,061
Median Household Income
$36,686
Median Earnings
$1,349
Median Rent
$511,900
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Investment property - Five buildings, 27,624 sqft, 2.4 acres, fully leased.
Where is this investment property located?
The property is located at 205 Otto St Port Townsend, WA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Fully leased commercial property with 100% occupancy history.; Five buildings totaling 27,624 sqft.; Three tax parcels totaling 2.4 acres.
More about this property
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