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    3059 Sims Way Port Townsend, WA 98368

    Sponsored
    For Sale
    $1,300,000

    .58-acre lot, 3808 sq ft building, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property presents a unique investment opportunity in Port Townsend, WA. Situated on a highly visible corner lot at 3059 W Sims Way (0.58 acres), this property boasts a substantial 3808 square foot building, perfect for a variety of commercial uses. The building features a versatile layout including offices, a showroom, ample storage space, and a large work area. A secure fenced area behind the building, along with fencing on the south and west property lines, provides added security and privacy. The property is free of easements. The building itself is constructed of concrete block with a torched-down roof (partially re-torched). Climate control is provided by multiple ductless mini-splits in the showroom and work area. Convenient front and side parking is available, complemented by a covered area at the front of the building. The asking price for this exceptional property is $1,300,000. Please note that the existing business operating on the property is not included in the sale.

    Property Features for 3059 Sims Way

    General Information

    Property type
    Land

    HighLights

    • Highly visible 0.58‑acre corner lot in Port Townsend, WA.
    • 3,808 SF building ideal for diverse commercial uses.
    • Versatile layout including offices, showroom, storage, and large work area.
    • Secure fenced rear and side yards.
    • Concrete block building with a torched‑down roof (partially re‑roofed).
    • Climate control via multiple ductless mini‑splits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon 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
    -122.8127913
    Latitude
    48.1003515

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    FAQs

    What type of property is this?
    Land - .58-acre lot, 3808 sq ft building, ideal location.
    Where is this land located?
    The property is located at 3059 Sims Way Port Townsend, WA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Highly visible 0.58-acre corner lot in Port Townsend, WA.; 3,808 SF building ideal for diverse commercial uses.; Versatile layout including offices, showroom, storage, and large work area.
    Request Owner's contact information
    3059 Sims Way 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
    3059 Sims Way Port Townsend, WA 98368
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