- Listing #:
- 2208229
- Price:
- $2,500,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- Year Built:
- 2000
- Comm/Assn:
- Downtown
- City:
- Port Townsend
- County:
- Jefferson
- State:
- WA
- Zip:
- 98368
- Right of 1st Refusal:
- No
QR Code
Description
Classic and timeless architecture in the heart of downtown Port Townsend. Built in 1889 and impeccably restored and updated in 1997. Major renovations completed including: Seismic, Electrical, Plumbing and Elevator (4-stops). Over 8,600 SF leased on 3-floors by 3-tenants. Prime 1st floor space is upscale restaurant with mezzanine lounge, 2nd floor is offices, and 3rd floor is a long-term boutique theatre tenant. The restaurant/business opportunity is also available to purchase if buyer is interested in owning restaurant along with the building. Upside opportunity through renovating partially finished basement suitable for lease. **Profit & loss info based on Pro-Forma numbers**
Property Features
- Cap Rate:
- - 5.28
- Gross Scheduled Income:
- - $163,300.00
- Net Operating Income:
- - $132,000.00
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Expenses:
- - 31300
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 31300
- Parcel Number:
- - 949100003
- Structure Type:
- - Unspecified
- Tax Year:
- - 2023