3430 Highway 101Port Angeles, WA 98362

This exceptional investment opportunity presents a 10,000-square-foot mixed-use office complex situated on a prominent 0.83-acre lot at 3430 E Hwy 101 in Port Angeles, Washington, 98362. The property boasts a highly visible location directly across from a Walmart, ensuring excellent exposure and accessibility from Highway 101. The two-story building, constructed in 1976, comprises two buildings and features a main lobby entrance leading to 38 individual offices, easily adaptable for combined or individual rentals. Currently, tenants are on month-to-month leases at below-market rates, presenting a significant opportunity to increase revenue. This property offers substantial value-add potential for an owner-operator, allowing for either maintaining current tenants or implementing a strategic rent increase. The ample parking on the sizable lot caters to both tenants and visitors. The asking price is $1,100,000, representing a compelling $110 per square foot and a 3.44% capitalization rate with a current Net Operating Income (NOI) of $37,851. This Class C property is an ideal investment for those seeking strong cash flow and significant upside potential in a desirable location.