635 Water St $3,850,000

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    635 Water St Port Townsend, WA 98368

    • 0.13 Acres
    • Commercial/Industrial
    Listing# 1283169 | Active

    $3,850,000

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    Days On Market: 260 101 Views
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    Property Details

    Rare Historic Downtown Waterfront Building & Business Investment Opportunity! Own a piece of PT History w/ this successful turn-key hotel that maintains its old world charm yet the building is completely renovated. Built in 1889, this hotel features 20 rooms including 5 studio apartments, many with water VIEWS, outdoor decks & private or shared baths. Three established business retail spaces have tenants w/ 3 year leases. Possibilities abound w/ capacity for condos or private residences.

    • General Features
      • County Jefferson
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 62-Business Opp.
      • Approx Building SqFt 16,194
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 16,194
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Exterior Brick
      • Foundation Slab
      • Roof Flat, Torch Down
      • Floor Covering Ceramic Tile, Fir/Softwood, Hardwood, Vinyl, Wall-to-Wall Carpet
      • Features Satellite, Sprinklered, Storage
      • Heating and Cooling Radiator, Stove/Free Standing, Wall
      • Ceiling Height 1st 18 FT / 2nd 12 FT / 3rd 10.5 FT
    • Property Features
      • Lot Square Footage 5,663
      • Depth of Lot 0
      • Site Frontage 60
      • Expansion Area Y
      • Environment Survey N
      • Water-Sewer-Garbage 9287
      • Sewer Sewer Connected
      • Sewer Company City of Port Townsend
      • Energy Source Electric, Propane
      • Power Company PUD
      • Number of Available Pads 0
      • Pad Ready N
    • Financials
      • Free and Clear N
      • Vacancy Rate 36
      • Total SqFt Rented 3,759
      • Total Monthly Rent $5,723
      • Gross Rent Multiplier 9
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $431,702
      • Gross Adjusted Income $431,702
      • Total Expenses $198,712
      • NOI $232,990
      • Electrical Expenses $5,498
      • Tax Expense $13,448
      • Heating Expense $3,449
      • Insurance Expense $9,030
      • Annual Assoc. Dues $0
      • Other Expenses $161,449
      • Tax Year 2016

    Contact

    Holley Carlson

    Broker

    Coldwell Banker Best Homes

    Cell: 360-821-3177

    Neighborhood

    98368 (Port Townsend) Demographics

    57Median Age
    291Population Density (per sq. mile)
    56%College Educated
    $48,738Estimated Median Income
    4,955Estimated Total Home Owners
    2,204Estimated Total Renters
    69% / 31%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    15,478Total Population

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    10 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,850,000
        5/1/2018 9:04:00 PM New in Database Source

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        This property search is part of the Coldwell Banker Best Homes website. Listing information is courtesy of the WA-NWMLS and Coldwell Banker Best Homes. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.