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Corner Mixed-Use Building
For Sale
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804 Water Street, Port Townsend, WA 98368

Redevelopment property with commercial space below residential living areas and parking on a corner parcel.

Property SizeContact for details
Days on Market143

Property Features for 804 Water Street

General Information

Standard status Active
Property subtype Land
Listing Agency: Coldwell Banker Best Homes Port Townsend
Listed By: Carol Wise · License #WA
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 4:45AM

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 Coldwell Banker Best Homes Port Townsend

Investment Insights

Based on property information with market context.

This mixed-use building is offered for reconstruction, with a planned commercial main floor and two upper stories identified for living areas. The sale includes the building only; the existing business is excluded. Parking is available beneath the structure and in the open portion of the parcel, while a concrete ramp is included within the property and currently serves neighboring users.

The corner parcel measures 55x110' and sits across from the local City Park. The property has unobstructed views toward Port Townsend Bay and beyond, with views extending over the Vineyards patio. A 2008 soil liquefaction investigation by The Straum Group is included in the property documentation.

Key Highlights

  • 55x110' corner lot
  • Commercial main floor with two stories of living areas planned for reconstruction
  • Unobstructed views of Port Townsend Bay and beyond

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Parts Store Parking Lot & Garage HVAC Service Auto Repair Shop (Bike/Boat/Book/etc) Store

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

936
Businesses Nearby
6k
Monthly Visits Nearby

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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Redevelopment property with commercial space below residential living areas and parking on a corner parcel.
Where is this mixed-use property located?
The property is located at 804 Water Street Port Townsend, WA.
What are key features of this property?
This property features: 55x110' corner lot; Commercial main floor with two stories of living areas planned for reconstruction; Unobstructed views of Port Townsend Bay and beyond
(360) 531-1301 Call to check price and availability
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