- Listing #:
- 1969155
- Price:
- $1,850,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- # of Acres:
- 0.12
- Year Built:
- 2000
- Comm/Assn:
- Downtown
- City:
- Port Townsend
- County:
- Jefferson
- State:
- WA
- Zip:
- 98368
- Right of 1st Refusal:
- No
QR Code
Description
Port Townsend Downtown Historic Seaport District now has available the beautifully remodeled Quent Ann styled Terry Building with all its 132 year history. Award winning redevelopment of this historic building. Over 4000 sq ft of finished Commercial at street level, residential on second floor and unfinished mezzanine with former Restaurant basement w/outdoor patio area. Great future potential for this unfinished area. Upper level used as primary residence and as vacation rentals. Residential units now available for vacation rental. This property is currently owner occupied as a commercial operation. Mezzanine level previously heated with bathroom and plumbing. Cash flows based on owner operators asset Management.
Property Features
- Building Features:
- - Storage
- Cap Rate:
- - 4.6
- Electric Expense:
- - 8400
- Exterior Features:
- - Brick
- - Cement/Concrete
- - Wood
- :
- - Sloped
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $128,000.00
- Insurance Expense:
- - $4,460.00
- Interior Features:
- - Forced Air
- - Heat Pump
- - Hardwood
- - Wall to Wall Carpet
- Lot Size Dimensions:
- - 57x100x41x35x16x65
- Net Operating Income:
- - $91,169.00
- Approx. Building Sq.Ft.:
- - 4,050.00
- Approx. Office Sq.Ft.:
- - 2,700.00
- Approx. Warehouse/Manufacturing Sq.Ft.:
- - 1,350.00
- Boundary Survey:
- - true
- Ceiling Height:
- - 12-14'
- Construction Methods:
- - Standard Frame
- Depth Of Lot:
- - 100
- Environmental Survey:
- - false
- Free And Clear:
- - false
- Gross Adjusted Income:
- - 91169
- Improvements Assessed Value:
- - 757155
- Land Assessed Value:
- - 284200
- Loading:
- - Grade
- Pad Ready:
- - false
- Power Company:
- - PUD#1
- Sewer Company:
- - City of PT
- Site Frontage:
- - 57
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Assessed Value:
- - 1041355
- Total Expenses:
- - 35831
- Water Company:
- - City of PT
- Water Sewer Garbage:
- - 2880
- Zoning Class:
- - Business
- - Commercial
- - Office
- - Residential
- - Retail
- - See Remarks
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 10000
- Parcel Number:
- - 989704003
- Possible Use:
- - Business
- - Commercial
- - Office
- - Residential
- - Retail
- - See Remarks
- Property Condition:
- - Good
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $10,091.00
- Tax Year:
- - 2022
- Water Source:
- - Public