WA > Port Townsend > Glen Cove
Port Townsend, WA 98368,203 N Otto ST
Port Townsend, WA 98368,203 N Otto ST
Port Townsend, WA 98368,203 N Otto ST
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Brad Hanks

Brad Hanks

+1(360) 966-6726
Listed by RE/MAX FIRST Inc Port Townsend
$3,250,000
Est. payment /mo
2.4 Acres Lot
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UPDATED:

07/23/2024 06:30 AM

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Glen Cove

MLS Listing ID 2154027

Style 71 - Light Indrl.

Year Built 2005

Annual Tax Amount $13,630

Lot Size 2.400 Acres

Property Description

No Development needed! ROI starts at closing with a solid 7% Cap. rate in Port Townsend! - 5 buildings totaling 27,624 sqft., rentable, 3 full size loading docks, 3 tax parcels, 11 tenants all on 2.4 ~ acs. Fully leased with a long history of 100% occupancy, 5 minutes from downtown Port Townsend. Price per Building SF= $117. 65 Each building is in excellent condition with NO deferred maintenance. A diverse eclectic group of tenants make for great business park that's very manageable. This is a great investment opportunity in a happening small city on the North Olympic Peninsula.

Location

State WA

County Jefferson

Area 482 - South Port Townsend

Interior

Interior Features Concrete

Flooring Concrete

Fireplace Yes

Exterior

Exterior Feature Metal/Vinyl

Building

Sewer Septic Tank

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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Brad Hanks

+1(360) 966-6726

Managing Broker | License ID: 73959

Managing Broker License ID: 73959

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