936 Water St Port Townsend, WA 98368-5733
Property profile & analytics
936 Water St Port Townsend, WA 98368-5733
- Investment properties
- 3,480 SF
- 0.08 lot acres
Property ID
US90-2049847
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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 Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Port Townsend
- County
- Jefferson
- State
- Washington
- Longitude
- -122.757
- Latitude
- 48.1143
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,248
$296,600
$399,654
$696,254
-
$296,600
$399,654
$696,254
