Listing Agency: Lake & Company

Listed By: Karen Sorensen · License #99404 Show Phone

Source: Compass

Added: Jun 8, 2025 Changed: Sep 2 Last Checked: Sep 1 at 10:54PM

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Investment Insights

Based on property information with market context.

This vacant commercial parcel contains 5,227 SF of paved land in Port Townsend’s historic district. Flexible commercial zoning supports consideration of retail, restaurant, office, or mixed-use development, as identified for the property.

The site is positioned one block from the waterfront and near the ferry dock, with surrounding shops, dining, art galleries, and a marina. Its Water Street address places the parcel within the historic district and close to the coastal activity described for the area.

Key Highlights

• 5,227 SF vacant commercial lot
• Paved site in Port Townsend’s historic district
• One block from the waterfront

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Repair Shop Pharmacy HVAC Service Garden Center Parking Lot & Garage

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

883

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Paved vacant land in a historic district near the ferry dock, shops, dining, galleries, and marina.

Where is this commercial land located?

The property is located at 7-xxx Water Street Port Townsend, WA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: 5,227 SF vacant commercial lot; Paved site in Port Townsend’s historic district; One block from the waterfront