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    OFF-MARKET
    Office buildings

    940 Washington St, Port Townsend, WA 98368-5722

    1,310 SF 0.11 ac lot
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US90-2075715
    Property summary
    AI-generated overview

    This 1,311 square foot retail space at 940 Washington Street in Port Townsend, Washington, presents a compelling investment opportunity. Located in the desirable Fountain District, just one block from Water Street (the city's main thoroughfare), this property boasts high visibility and foot traffic. The building features 50 feet of street frontage, two entry doors, and two bathrooms, making it easily divisible for two separate businesses. Built in 1958, the two-story structure sits on a 0.11-acre lot (APN 989705706) and is zoned for commercial use. Included with the sale are site drawings and preliminary reports detailing the potential for a second-story expansion, which could accommodate two apartments. This presents a unique opportunity to either immediately occupy the space with your business or capitalize on the expansion potential to increase revenue streams. The asking price has been reduced, making this an even more attractive proposition for discerning investors. The property's prime location and versatile layout offer significant upside potential.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Total area 1,310 SF
    Lot 0.11 ac (4,792 SF)
    Zoning code C-III
    APN 989705706
    UPID US90-2075715
    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
    AI Approach AI
    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    William J Sullivan · 1 yrs held
    William J Sullivan
    since 2025
    Last sale
    $435,900
    5 recorded transactions
    2025
    $313
    2025
    $435,900
    2021
    $360,000
    2014
    $225,281
    2009
    Zoning & alternative use
    C-III · Port Townsend, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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