505 8th St Port Angeles, WA 98362-6221
This exceptional 2,534 square foot office building, located at 505 E 8th St in Port Angeles, WA, presents a unique investment opportunity. Currently vacant, the property boasts a desirable location on a main corridor and offers stunning mountain views. Recently remodeled, this two-story building features a modern layout with ample natural light. The ground floor includes a reception area, processing room, bathroom, conference room, and kitchen. Upstairs, you'll find five offices, two of which are premier spaces with exceptional views, along with an additional bathroom. The building is equipped with high-speed T-1 internet throughout and provides 12 on-site parking spaces. A heat pump system ensures efficient climate control. The building's west roof was replaced in 2021, demonstrating recent maintenance and upgrades. The property sits on a 0.16-acre lot and is zoned P_CN. While currently vacant, the previous tenant's lease extends until August 1, 2024, providing a potential income stream until then, at a rate of $4,000 per month. This meticulously maintained building offers a blend of functionality and aesthetic appeal, making it an ideal investment for a variety of businesses. The asking price is $399,000.
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RE/MAX Evergreen Real Estate Agency
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Olympic Medical Center, Dr Wheeler Physician
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Heidi Hampton, Realtor Real Estate Agency
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Mark DeRousie, RE/MAX Evergreen Real Estate Agency
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Baker Overby & Moore Inc: Leskinovitch Wendy C CPA Accounting Firm Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.