229 W 1st Street 229 W 1st St 12,762 SF 100% Leased Retail Building Port Angeles, WA 98362 £618,201 (£48.44/SF)
INVESTMENT HIGHLIGHTS
- Located in Downtown Corridor
- Harbor Views
- Warehouse or Inventory Storage
- Lots of Natural Light
- Second Floor Office Space/High Demand
EXECUTIVE SUMMARY
Located in the vibrant downtown corridor, this exceptional building off ers unparalleled harbor views & versatile commercial space. Multiple private offi ces provide ample spacefor administrative needs or client consultations. Warehouse for inventory storage or additional workspace. Parking underneath the building. Rare opportunity for investors orbusinesses seeking a strategic location w/outstanding visibility. Hotel revival, upscale offi ces, mixed-use development? Possibilities are limitless in downtown.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,762 SF
Building Class
C
Year Built/Renovated
1900/2000
Price
£618,201
Price Per SF
£48.44
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.83
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 55911 | Improvements Assessment | £200,155 (2023) |
| Land Assessment | £59,506 (2023) | Total Assessment | £259,661 (2023) |
