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Property profile & analytics
OFF-MARKET
Commercial real estate

2431 Highway 101 Port Angeles, WA 98362

14,480 SF 1.86 ac lot
Property ID
US90-2942019
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 14,480 SF
Lot 1.86 ac (81,022 SF)
UPID US90-2942019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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