804 Water StPort Townsend, WA 98368
- Office properties
- 2,267 SF
For Sale
$2,500,000
View listing
Property Details for 804 Water St
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 2,267 SF
- Zone code
- C-III
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 989704101
- APU
- 989704101
Description
This exceptional 55x110' corner lot at 804 Water Street in Port Townsend, Washington (98368) presents a unique redevelopment opportunity. Priced at $2,500,000, this commercial land parcel boasts breathtaking, unobstructed views of Port Townsend Bay and the vineyards beyond. Its prime location directly across from the local City Park is unparalleled. The property currently features parking underneath the existing structure, as well as in an open area. Note that a concrete ramp, while part of this parcel, is currently used by neighboring properties. The existing building is not included in the sale
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $611,489
- 6.5%
- $564,451
- 7%
- $524,133
-
Comparable approach
- Method
- Valuation
- Relative Method
- $689,107
- Geo Method
- $436,579
-
Alternative Use
- Use
- Valuation
- Residential
- $699,920
- Hospitality
- $641,122
- Educational
- $533,406
- Medical
- $551,751
- Retail
- $829,743
804 Water St, Port Townsend, Washington
Location Insight
- City
- Port Townsend
- County
- Jefferson
- State
- Washington
- Latitude
- 48.1149
- Longitude
- -122.756
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,401
$566,696
$369,786
$936,482
-
$566,696
$369,786
$936,482
Comparable in this City
Similar Nearby for Sale
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