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$3,000,000
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Property Description
No Development needed! ROI starts at closing with a solid, steady return in Port Townsend! - 5 buildings totaling 27,624 sqft., rentable, 3 full size loading docks, 3 tax parcels, 11 tenants all on 2.4 ~ acs. Fully leased with a long history of 100% occupancy, 5 minutes from downtown Port Townsend. Price per Building SF= $117. 65 Each building is in excellent condition with NO deferred maintenance. A diverse eclectic group of tenants make for great business park that's very manageable. This is a great investment opportunity in a happening small city on the North Olympic Peninsula.
Full Property Details
Full Property Details for 203 N Otto St
General
- Sold For: $3,000,000
- Taxes: $13,630 (2022)
- Status: Closed
- Type: Industrial
- Source: NWMLS
- MLS ID: 2154027
- Added to Site: 879 day(s) ago
Interior
- Flooring: Concrete
Location
- Area: 482 - South Port Townsend
- County: Jefferson
- Subdivision: Glen Cove
- Driving Directions: SR 20 to E. Fredericks left on Otto St. N property on Left side - look for address plates.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Heat Pump, Radiator
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- Structure Type: Industrial
- Exterior Const.: Metal/Vinyl
- Foundation: Poured Concrete
- Loading: 1-3 Bays
- Year Built: 2005
Lot Features
- Lot Size (Acres): 2.4
- Lot Size (Sq. Ft.): 104,544
- Lot Size Source: assessor
- Topography: Level, Sloped
- Zoning: Commercial, Industrial-Light
Financial Considerations
- Tax Amount: $13,630
- Tax Year: 2022
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 986701902
Listed by Terry McHugh | RE/MAX FIRST Inc Port Townsend | (360) 385-6499
Sold by Non Member ZDefault | ZNonMember-Office-MLS
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Schools
Schools serving 203 N Otto St
School District:Port Townsend School District
| Name | Grades | Distance |
|---|---|---|
Salish Coast Elementary 1637 Grant Street, Port Townsend, WA 98368 | PK-5 | 1.8 mi |
Blue Heron Middle School 3939 San Juan Avenue, Port Townsend, WA 98368 | 6-8 | 3.1 mi |
Port Townsend High School 1500 Van Ness Street, Port Townsend, WA 98368 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 203 N Otto St
Date
Details
Price
Change
Source
7/25/2025
Sold
$3,000,000
-7.69%
MLS
8/23/2023
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
203 N Otto Street, Port Townsend, WA 98368 (MLS# 2154027) is a Industrial property that was sold at $3,000,000 on July 25, 2025. Want to learn more about 203 N Otto Street? Do you have questions about finding other Industrial real estate for sale in Port Townsend? You can browse all Port Townsend real estate or contact a Coldwell Banker agent to request more information.

