936 Water St Port Townsend, WA 98368
- Investment properties
- 3,480 SF
- 0.08 lot acres
Current Use by Public Records
- Investment properties
Property Details for 936 Water St
- Lot size
- 0.08 lot acres
- Property size
- 3,480 SF
- Zone code
- C-III
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 989704008
- APU
- 989704008
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Townsend
- County
- Jefferson
- State
- Washington
- Longitude
- -122.757
- Latitude
- 48.1143
