About 203 N Otto Street
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.
Features of 203 N Otto Street
MLS® # | 2154027 |
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Price | $3,250,000 USD |
Acres | 2.40 |
Year Built | 2005 |
Type | Commercial Sale |
Sub-Type | Commercial Industrial |
Status | Active |
Community Information
Address | 203 N Otto Street |
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Area | 482 - South Port Townsend |
Subdivision | Glen Cove |
City | Port Townsend |
County | Jefferson |
Province | WA |
Postal Code | 98368 |
Interior
Interior Features | Concrete |
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Exterior
Exterior Features | Metal/Vinyl |
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Foundation | Poured Concrete |
Additional Information
Foreclosure | No |
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Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | RE/MAX FIRST Inc Port Townsend |
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