Listing Office: RE/MAX FIRST Inc Port Townsend Northwest Multiple Listing Service Logo

203 N Otto Street, Port Townsend, WA

$3,250,000 USD

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2.40

Acres

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
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
Area 482 - South Port Townsend
Subdivision Glen Cove
City Port Townsend
County Jefferson
Province WA
Postal Code 98368

Interior

Interior Features Concrete

Exterior

Exterior Features Metal/Vinyl
Foundation Poured Concrete

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX FIRST Inc Port Townsend

Listing Map

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