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    844 Water St Port Townsend, WA 98368

    For Sale
    $2,100,000

    Victorian building with retail and office spaces in prime location.

    Property size:
    13,284 SF

    Property Features for 844 Water St

    General Information

    Size
    13,284 SF

    Source: RE/MAX FIRST, INC. Agent CHARLES ARTHUR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Victorian Building in Downtown

    This is an investment opportunity to own a historic building in downtown Port Townsend. The McCurdy Building, constructed in 1887, is a Victorian-style building featuring five retail shops on the main level and 18 private offices on the upper floor. The property has distinctive architecture that combines Victorian elegance with industrial features, including exposed brick, 12-foot ceilings, and original wood floors. The building is situated in the Historical Commercial District and benefits from high daily vehicle and foot traffic. The property has a size of 13284 square feet and is suitable for retail and office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Townsend
    County
    Jefferson
    State
    Washington
    Longitude
    -122.7564607
    Latitude
    48.114607

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    FAQs

    What type of property is this?
    Retail space - Victorian building with retail and office spaces in prime location.
    Where is this retail space located?
    The property is located at 844 Water St Port Townsend, WA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Prime location in the bustling Historical Commercial District of downtown Port Townsend with high vehicle and foot traffic.; - Historic Victorian building (The McCurdy Building, built in 1887) offering a unique and appealing aesthetic.; - Excellent investment opportunity with five retail shops on the main level and 18 private offices on the upper floor.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    844 Water St Port Townsend, WA 98368
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