Mixed-Use Building with Waterfront
New
For Sale
$5,300,000
725 Water St, Port Townsend, WA 98368
A modernized Victorian property pairs restaurant infrastructure with plans for upper-floor residential space.
Property SizeContact for details
Days on Market2
Property Features for 725 Water St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1885
Listing Agency:
Compass
Listed By:
Chris Murphy · License #111144
(360) 918-6497
Source:
Washingtonwaterfronts
Added: Oct 28
Last Checked: Oct 28 at 3:01PM
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 Compass
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Dating to 1885, this Victorian commercial property retains its original cast-iron facade and exposed brick interior walls. Seismic upgrades and infrastructure work were completed from 2018 to 2020. Restaurant facilities include a commercial kitchen with a walk-in refrigerator and two indoor dining areas: one seats 58, and the other seats 28. The adjacent waterfront plaza accommodates 178 and has space for live entertainment.
The property comprises two adjoining parcels with 117 feet of combined waterfront. It is located on Water Street in Port Townsend’s National Historic District. The two upper floors are unfinished, with conceptual plans for either two large residential suites or four apartments. The plaza parcel is also identified for possible structural development, including housing or retail space.
The property comprises two adjoining parcels with 117 feet of combined waterfront. It is located on Water Street in Port Townsend’s National Historic District. The two upper floors are unfinished, with conceptual plans for either two large residential suites or four apartments. The plaza parcel is also identified for possible structural development, including housing or retail space.
Key Highlights
- 1885 Victorian building with seismic and infrastructure upgrades completed in 2018‑2020
- Two adjacent parcels provide 117 feet of waterfront
- Commercial kitchen includes a walk‑in refrigerator
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
6k
Monthly Visits Nearby
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Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
U.S. Bank
Shops & Services
3,056 visits/mo
0.3 miles
SUBWAY
Dining
2,653 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A modernized Victorian property pairs restaurant infrastructure with plans for upper-floor residential space.
Where is this mixed-use property located?
The property is located at 725 Water St Port Townsend, WA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 1885 Victorian building with seismic and infrastructure upgrades completed in 2018‑2020; Two adjacent parcels provide 117 feet of waterfront; Commercial kitchen includes a walk‑in refrigerator
