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    1215 Lawrence St 102 Port Townsend, WA 98368

    Sponsored
    For Sale
    $589,000

    Prime Office Space, $589,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity, located at 1215 Lawrence Street, Unit 102, in Port Townsend, Washington, 98368, is priced at $589,000. The property is situated within the Nordland Building, offering a prime office space on the main level. The unit features a spacious common area, a well-equipped conference room complete with a kitchenette overlooking Lawrence Street, a private office at the rear of the building, and a large storage closet. A private bathroom adds to the convenience. A rear deck provides a tranquil outdoor space. The building includes an elevator. This location is ideal for various professional businesses, such as physical therapy practices or law firms. Note that a neighboring unit, Unit 101 (MLS# 2279450), encompassing 1,172 square feet with four private offices and another large common area, is also available for purchase. There is also an option to purchase both Unit 101 and Unit 102 (MLS# 2311407). This presents a unique investment opportunity in a highly desirable location. The property is listed as commercial land with zero square footage and zero units specified.

    Property Features for 1215 Lawrence St 102

    General Information

    Property type
    Land

    HighLights

    • $589,000 asking price.
    • Commercial land in Port Townsend, WA.
    • 0 square feet; 0 units.
    • Located at 1215 Lawrence Street 102, Port Townsend, WA 98368.
    • Prime office space in the Nordland Building, featuring a large common area, conference room with kitchenette, private office, storage closet, and private bathroom.
    • Rear deck and elevator access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Townsend
    County
    JEFFERSON
    State
    Washington
    Longitude
    -122.7629192
    Latitude
    48.1162919

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    FAQs

    What type of property is this?
    Land - Prime Office Space, $589,000
    Where is this land located?
    The property is located at 1215 Lawrence St 102 Port Townsend, WA.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: $589,000 asking price.; Commercial land in Port Townsend, WA.; 0 square feet; 0 units.
    (360) 390-4933
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    1215 Lawrence St 102 Port Townsend, WA 98368
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    Port Townsend, WA 98368
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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
    1215 Lawrence St 102 Port Townsend, WA 98368
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