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936 Water St Port Townsend, WA 98368

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For Sale
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Prime Waterfront Retail & Apartments

Property Features for 936 Water St

General Information

Property type
Land

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Listing Contact
Kristina Jennings
Kristina Jennings

Listing Agency: Coldwell Banker Best Homes Port Townsend Listing Agent: Kristina Jennings

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

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Property Insight Report

Overview

This exceptional Port Townsend property offers a unique investment opportunity encompassing a thriving retail business, "Abracadabra," boasting over $700,000 in annual sales. The business is housed in a building featuring four occupied apartments generating over $90,000 in annual rental income. The retail space itself is charming and well-established, featuring handmade wood countertops and displays, ample storage, and prominent window displays on a prime commercial street. The building includes private parking for added convenience. The land itself is located at 936 Water Street, Port Townsend, WA 98368, in Jefferson County. This is a rare chance to acquire a turnkey operation with both strong retail and rental income streams, situated in a desirable location. The property is listed at $1,875,000 and presents a compelling opportunity for investors seeking a blend of commercial and residential income. The business's vibrant atmosphere and consistent sales history, coupled with the reliable rental income from the apartments, make this a truly attractive investment prospect. The property's location on what is considered the "golden block" of the business district ensures high visibility and foot traffic. This is a rare opportunity to acquire a well-established and profitable business along with a multi-unit rental property in a thriving waterfront community.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Port Townsend
County
JEFFERSON
State
Washington
Longitude
-122.7573147
Latitude
48.1142792

FAQs

What type of property is this?
Land - Prime Waterfront Retail & Apartments
Where is this land located?
The property is located at 936 Water St Port Townsend, WA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: $1,875,000 asking price.; Commercial land located at 936 Water Street, Port Townsend, WA 98368.; Zero square footage; zero units.
(360) 301-4072 Call to check price and availability
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