Port Townsend, WA 98368,702 Water ST #1-3
Listed by Coldwell Banker Best Homes Nicole Blasucci 
Bought with Bell Tower Brokers
$1,575,000
Est. payment /mo
$1,650,000
4.5%
Est.Price: ?

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3,485 Sqft Lot
SOLD DATE : 10/31/2025

Key Details

Sold Price $1,575,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 2402930

Sold Date 10/31/25

Style 75 - Retail

Year Built 1884

Annual Tax Amount $8,094

Lot Size 3,485 Sqft

Property Sub-Type Commercial Industrial

Property Description

Iconic architecture and timeless stonework define this historic mixed-use building in the heart of Port Townsend. Situated on a prominent corner lot on Water Street, surrounded by other local businesses, cafes & boutiques, ensuring a steady flow of foot traffic. This property offers 2,000 sq ft of retail space—currently operating as one retail space but easily divisible into two distinct units. Above, you'll find 3 spacious apartments featuring 12-foot ceilings, with unit #1 offering peek-a-boo views of Port Townsend Bay. Additional features include a heated basement and a one-car garage. A rare investment opportunity blending history, character, and versatility.

Location

State WA

County Jefferson

Area 480 - Port Townsend

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Stone

Roof Type Torch Down

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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Andy Holmstrom

Andy Holmstrom

+1(360) 421-9542

Agent | License ID: 80279

Agent License ID: 80279

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