635 Water St

    Port Townsend, WA 98368
    • $3,850,000
    • STATUS: Active
    • ON SITE: 353 days
    • ID#: 1283169
    UPDATED: 60 min ago
    $3,850,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1889
    County:

    School Ratings & Info

    Listing Courtesy of Coldwell Banker Best Homes.

    Description

    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 condo's or private residences.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-21T21:13:48.067.

    www.kimberlygartlandgroup.com/homes/83132361

    635 Water St Port Townsend, WA 98368

    • Price: $3,850,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 1283169
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1889
    Built
    Neighborhood:
    Downtown
    County:
    Jefferson
    Area:
    Port Townsend
    Property Description
    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 condo's or private residences.
    Exterior Features

    Building Condition Good Exterior Brick Foundation Slab Lot Depth 0 Lot Topography And Vegetation Level Roof FlatTorch Down Site Frontage 60 Style 62 - Business Opp. Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 16194 Ceiling Height 1st 18 Ft / 2nd 12 Ft / 3rd 10.5 Ft Floor Covering Ceramic TileFir/SoftwoodHardwoodVinylWall to Wall Carpet Heating And Cooling RadiatorStove/Free StandingWallHot Water Recirc Pump Office Sq Ft 16194 Total Sq Ft Rented 3759

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 1322885 Assessed Value Year 2017 Available Pads 0 Bank Owned No Boundary Survey 6.00 Cap Rate N Commercial Features SatelliteSprinkleredStorage Electrical Expenses 5498 Energy Source ElectricPropane Environment Survey N EPSEnergy 0 Expansion Area Y Form17 Provided Free And Clear N General Zoning Classification Commercial Gross Adjusted Income 431702 Gross Rent Multiplier 9 Gross Scheduled Income 431702 Heating Expenses 3449 Hers Index 0 Home Owner Dues 0 Insurance Expenses 9030 Net Operating Income 232990 Other Expenses 161449 Pad Ready N Possession Closing Power Company Pud Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Port Townsend Tax Amount 13448 Tax Year 2016 Terms Cash OutConventionalOwner Financing Third Party Approval Required None Total Expenses EXP 198712 Total Expenses TEX 198712 Total Monthly Rent 5723 Vacancy Rate 36 Water Company City Of Port Townsend Water Sewer Garbage 9287 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-21T21:13:48.067.

     
    Kimberly Gartland Group - Keller Williams Realty
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    Listing Courtesy of Coldwell Banker Best Homes.