625 Tyler St - Retail FOR SALE


Port Townsend, WA 98368
$2,160,000 USD
206-399-3285
625 Tyler St, Port Townsend, WA for Sale
$2,160,000 USD
Retail - FOR SALE
1/16
null | 6.1% Cap Rate

625 Tyler St
Port Townsend, WA 98368


OVERVIEW

This exceptional commercial property at 625 Tyler St. Port Townsend, WA, offers a prim Investment opportunity in the heart of downtown. Built in 1940 and significantly renovated 2000 with a seismic retrofit, updated plumbing, electrical, CAT 5 wiring, and new windows, t property was further enhanced in 2025 with fresh paint, two 96% efficient propane furnaces, ne roofs, and gutters. The retail space, currently leased to a thriving printery under a modified gross lease, features new 10-year lease with a 10-year extension option, ensuring long-term stability, with the potent For a buyer to owner-occupy by having tenants vacate. Additionally, the property includes studio apartment generating $700 per month in rental income. The retail space boasts hi Ceilings, exposed beams, ample storage, a roll-up bay door, multiple offices, and stunning wa views, making it a standout in Port Townsend's vibrant downtown. The vacant parcel offers futu development potential, enhancing the property's value. Its unmatched location, combined w recent upgrades, a secure lease, and the flexibility for owner-occupancy, positions 625 Tyler St an attractive, low-maintenance investment with significant upside potential.

FOR SALE DETAILS

PRICE

$2,160,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

989713503

ASK ABOUT THIS PROPERTY

Erich BubbelCOMPASSMore Info
206-399-3285

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Erich BubbelCOMPASSMore Info
206-399-3285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.