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    804 Water St Port Townsend, WA 98368

    Sponsored
    For Sale
    $2,500,000

    Prime Corner Lot, Bay Views, Redevelopment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 55x110' corner lot at 804 Water Street in Port Townsend, Washington (98368) presents a unique redevelopment opportunity. Priced at $2,500,000, this commercial land parcel boasts breathtaking, unobstructed views of Port Townsend Bay and the vineyards beyond. Its prime location directly across from the local City Park is unparalleled. The property currently features parking underneath the existing structure, as well as in an open area. Note that a concrete ramp, while part of this parcel, is currently used by neighboring properties. The existing building is not included in the sale

    Property Features for 804 Water St

    General Information

    Property type
    Land

    HighLights

    • Exceptional 55' x 110' corner lot redevelopment opportunity in Port Townsend, WA.
    • $2,500,000 asking price.
    • Unobstructed Port Townsend Bay and vineyard views.
    • Prime location across from City Park.
    • Existing on‑site parking (under building and open area); concrete ramp (shared use).
    • Existing building not included in sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Townsend
    County
    JEFFERSON
    State
    Washington
    Longitude
    -122.7558541
    Latitude
    48.1148812

    Nearby Comparable

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    Nearby Similar for Sale

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      Downtown Port Townsend mixed-use building with retail and residential units.
      1020 Water St, Port Townsend, WA 98368
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      Historic Victorian Building in Downtown

      Victorian building with retail and office spaces in prime location.
      844 Water St, Port Townsend, WA 98368
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    FAQs

    What type of property is this?
    Land - Prime Corner Lot, Bay Views, Redevelopment Potential
    Where is this land located?
    The property is located at 804 Water St Port Townsend, WA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Exceptional 55' x 110' corner lot redevelopment opportunity in Port Townsend, WA.; $2,500,000 asking price.; Unobstructed Port Townsend Bay and vineyard views.
    Request Owner's contact information
    804 Water St 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
    804 Water St Port Townsend, WA 98368
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