• Broker Joanne Soderlind 3604779665
  • Broker Bill Leland 3605826417

229 W 1st Street 229 W 1st St 12,762 SF 100% Leased Retail Building Port Angeles, WA 98362 £613,234 (£48.05/SF)

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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
Bar
Building Size
12,762 SF
Building Class
C
Year Built/Renovated
1900/2000
Price
£613,234
Price Per SF
£48.05
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.83
Lot Size
0.16 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CBD - Central Business District
Walk Score®
Very Walkable (74)

NEARBY MAJOR RETAILERS

Chase
Jazzercise
Starbucks
CrossFit
U.S. Bank
The YMCA
Umpqua Bank

PROPERTY TAXES

Parcel Number 55911 Improvements Assessment £429,765 (2025)
Land Assessment £64,930 (2025) Total Assessment £494,695 (2025)

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