1215 Lawrence St, Port Townsend, WA 98368
This exceptional commercial land opportunity is located at 1215 Lawrence Street 101, Port Townsend, WA 98368. Priced at $589,000, this property presents a unique investment prospect in a thriving Jefferson County location. While the land itself has no listed square footage or units, the property's address is within the Nordland Building, suggesting potential development or redevelopment opportunities. The building offers convenient amenities, including an elevator. The adjacent commercial space (1,172 sq ft) within the Nordland Building, while not included in this land sale, provides context for the potential of this location. This space features four private offices, three with windows, a private bathroom, and peek-a-boo views of Port Townsend Bay. Its suitability for various professional uses, such as physical therapy practices or law firms, highlights the area's demand for commercial space. This land parcel offers investors a chance to capitalize on the desirability of Port Townsend's commercial real estate market. The property's address is verified, and its location within the Nordland Building provides access to existing infrastructure and building amenities. Further investigation into zoning and development possibilities is recommended. This is a rare opportunity to acquire commercial land in a prime Port Townsend location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.