625 Tyler Street, Port Townsend, WA 98368
- $1,980,000
Listing courtesy of COMPASS.
- List Price
- $1,980,000
- Status
- ACTIVE
- MLS#
- 2436687
- Price Change
- ▼ $180,000 1769658578
- Days on Market
- 310
- Annual Tax Ammount
- 8624
Property Description
Exceptional commercial property in the heart of Port Townsend. Built in 1940 and extensively renovated in 2000 with seismic retrofit, updated plumbing, electrical, CAT 5 wiring, and windows, plus major 2025 upgrades with fresh paint, two 96% efficient propane furnaces, new roof, and gutters. The retail space is leased to a thriving printery under a 10-year lease with extension, ensuring stability yet allowing for owner occupancy. A studio apartment adds $700/month income. Features include high ceilings, exposed beams, roll-up bay door, multiple offices, storage, and water views. A vacant parcel adds development potential. With prime location, secure lease, and upgrades, this is a standout, low-maintenance investment with significant upside.
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Additional Information
- Community
- Uptown
- Style
- 75 - Retail
- Year Built
- 1940
- Roof
- Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Flooring
- Concrete, Carpet
- Driving Directions
- GPS: 625 Tyler St, Port Townsend, WA 98368
- Energy Source
- Electric, Propane
- Net Operating Income
- $131,698
- Gross Scheduled Income
- $143,904
- Cap Rate
- 6
- Total Expenses
- $12,206
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.