Price Reduction
Listing Provided Courtesy Of:
RE/MAX FIRST, Inc Prt Townsend and NWMLS
Address
1042 Water Street Port Townsend, WA
Price
$ 3,300,000
Property Attributes
  • ID#1776322
  • TypeCommercial
  • CountyJEFFERSON
  • CityPort Townsend
  • AreaPort Townsend
  • NeighborhoodDowntown
  • Zip98368
  • StyleComm Bldg Ovr 10K
  • Year Built1890
  • Taxes$ 27822
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
RE/MAX FIRST, Inc Prt Townsend and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

The historic Kuhn Building is available now. Currently 100% occupied by over 16 incredible tenants. Situated in the heart of Port Townsend's downtown historic district. Strong leasing history and great income numbers make this a smart choice for a 1031 exchange. Lots of parking behind building for tenants.

Price History
5/18/2021 Listed $4,150,000
7/22/2021 10% - $3,750,000
9/7/2021 12% - $3,300,000

General Features

Building Area Units Square Feet
Building Features Disabled Access, Elevator, Storage
Carport Y/N No
City Port Townsend
County Jefferson
Directions Corner of Water Street and Polk in downtown Port Townsend, 98368
Electric Expense 21005
Exterior Features Brick, Stone, Wood
Flooring Softwood, Hardwood, Laminate, Laminate, Carpet
Insurance Expense 5355
Interior Features Fir/Softwood, Hardwood, Laminate, Laminate Hardwood
MLS Area 480 - Port Townsend
Net Operating Income 183385
Possession Closing, Tenant's Rights
Possible Use Business, Commercial, Office, Retail
Property Style 61 - Comm Bldg Ovr 10K
Property SubType Commercial Industrial
Property Type Commercial Sale
PropertyCondition Good
Roof Torch Down
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Water
Structure Type Unspecified
Subdivision Name Downtown
Tax Annual Amount 27822
Tax Year 2021
Terms Cash Out, Conventional
Topography Level, Sloped
Utilities Sewer Connected, Propane
Water Company City
Water Sewer Garbage 12084
Year Built 1890
Zoning Class Business, Commercial, Office, Retail

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Propane
Street Suffix Street

Exterior Features

Irrigation Water Rights Y/N No
Lot Dimensions 110x220
Lot Number 5-8
Lot Size Acres 0.5556
Lot Size Square Feet 24200
Lot Size Units Square Feet
Open Parking Y/N No
Parking Uncovered Total 20
Site Frontage 110
Total Parking 20
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 98368

Price
AVG $1.36M
$3.3M
Taxes
AVG $11,844
$27,822
Visits
AVG 59
40
Year Built
AVG 1947
1890
Walkscore
AVG 38
78
Data Provided by Walkscore ® not using MLS data

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