2431 Highway 101 Port Angeles, WA 98362
This exceptional 14,480 square foot industrial building is strategically located at 2431 E Highway 101 in Port Angeles, Washington, 98362. Situated on a generous 1.86-acre lot, this property presents a compelling investment opportunity at an asking price of $875,000, translating to less than $63 per square foot. The building's versatility allows for a range of uses, including traditional office space, and offers significant potential for adaptive reuse. Consideration could be given to conversion into multi-family units or a motel, or utilization as an indoor storage facility. The property's prime location is easily accessible, just past Monroe Road heading west from Sequim or just before Monroe Road heading east from Port Angeles. Further enhancing its value, two additional adjacent parcels are available for purchase. The seller is offering all three parcels (including the main building and the two additional parcels) for a combined price of $1,150,000. This presents a unique chance to acquire a substantial commercial property with significant expansion possibilities in a desirable location within Clallam County.
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
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.