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    104 1St St Port Angeles, WA 98362

    Sponsored
    For Sale
    $724,900

    Established Bookstore, Turnkey Operation

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional opportunity presents the acquisition of 104 E First Street, a thriving bookstore in the heart of Port Angeles, Washington. Operating successfully for 38 years, this landmark business, known as Port Book and News, is offered for sale for the first time. The asking price is $724,900. The property is classified as Special Purpose and boasts a strong sales history, exceeding 95,000 books sold in 2023 alone. Its diverse inventory includes a wide range of titles, from children's coloring books to academic textbooks, catering to a broad customer base. Beyond books, the store offers newspapers, gifts, art supplies, and even a unique canine-friendly perk: free dog treats. Located in downtown Port Angeles at 104 E First Street (zip code 98362), the business benefits from high foot traffic, including numerous ferry passengers. The knowledgeable and dedicated staff contributes significantly to the store's success and positive reputation within the community. This established business presents a rare opportunity to own a well-loved local landmark and a profitable enterprise serving the Olympic Peninsula. The property is situated in Clallam County, Washington, and its geographic coordinates are 48.1187898 latitude and -123.4333125 longitude. This turnkey operation is ready for a new owner to continue its legacy of success.

    Property Features for 104 1St St

    General Information

    Property type
    Specialty properties

    HighLights

    • Established bookstore, Port Book and News, at 104 E First Street, Port Angeles, WA 98362, offered for sale for the first time in 38 years.
    • Asking price: $724,900.
    • Special purpose property with strong sales exceeding 95,000 books in 2023.
    • Diverse inventory including books, newspapers, gifts, and art supplies.
    • Prime downtown location with high foot traffic, including ferry passengers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Port Book and News Book Store MOSS Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Angeles
    County
    Clallam
    State
    Washington
    Longitude
    -123.4333125
    Latitude
    48.1187898

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    FAQs

    What type of property is this?
    Specialty property - Established Bookstore, Turnkey Operation
    Where is this specialty property located?
    The property is located at 104 1St St Port Angeles, WA.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: Established bookstore, Port Book and News, at 104 E First Street, Port Angeles, WA 98362, offered for sale for the first time in 38 years.; Asking price: $724,900.; Special purpose property with strong sales exceeding 95,000 books in 2023.
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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
    104 1St St Port Angeles, WA 98362
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