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1020 Water Street Port Townsend, WA $ 1,500,000
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$ 1,500,000 Get more info
1020 Water Street
$ 1,500,000
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Share Save

1020 Water Street

Port Townsend, WA, 98368
$ 1,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 9,358

Listed by John L. Scott Port Townsend
1020 Water Street, Port Townsend, WA 98368 - Image 1
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Commercial Property for sale in Port Townsend, WA

for $1,500,000. This building was built in 1889 on a lot size of 0.07.

Victorian splendor! This is an opportunity to own a piece of Historic Port Townsend. Initially, this exceptional building was originally the State Bank of Washington. It is centrally located in the downtown Business District. Offering retail space on the ground floor and residential apartments on the 2nd and 3rd floors, some of which have views of Port Townsend Bay and the Cascade Mountains. The penthouse is very well-appointed, featuring a grand fireplace and an easy-to-use kitchen. The building was extensively remodeled 10 years ago with updated electrical, plumbing & windows. The main floor retail space has a ductless heat pump.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 9,772

Style

Comm Bldg Und 10K

Lot Size

0.07

Year Built

1889

Town/City

Port Townsend

County/Region

Jefferson

MLS | Web ID

2376031
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Possession Closing
Roof Flat
HOA Fee 0
Year Built 1889
Topography Level
Property Subtype Commercial Industrial
Tax Year 2024
County Jefferson
Property Type Commercial Sale
HOA N
Subdivision Name Downtown
Possible Use Commercial
Special Listing Conditions None
Status Active
Directions Follow State route 20 onto Water St. to destination
City Port Townsend
Senior Community Y/N N
Zoning Description Commercial
Number Of Units Total 5
MLS Area 480 - Port Townsend
Lot Size Units Square Feet
Lot Size Square Feet 3049
Carport Y/N N
Listing Terms Cash Out Conventional Owner Financing
Tax Annual Amount 9772
Property Condition Restored
Public Remarks Victorian splendor! This is an opportunity to own a piece of Historic Port Townsend. Initially this exceptional building was originally the State Bank of Washington. It is centrally located in the do
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City
Total Actual Rent 8336
Property Style 60 - Comm Bldg Und 10K
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Exterior
Exterior Amenities Brick
Water Source Public
Total Parking 0
Foundation Details Block
Building Area Total 0
Lot Dimensions 27'x110'x27'x110'
Lot Size Acres 0.07
Covered Spaces 0
Irrigation Water Rights Y/N N
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Interior
Flooring Softwood
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2376031
Street Number 1 1020
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* Excluded Features
List By
Michael Morrow

Listing Agent

John L. Scott Port Townsend

Broker

Affordability Calculator

$10,172
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$814
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/19/2025$1,500,000 -16.67% Price Down
5/15/2025$1,800,000 Listed Price

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1020 Water Street, Port Townsend, WA, 98368 is a Commercial Property for sale at $1,500,000 with a lot size of 0.07. 1020 Water Street was built in 1889. The property's zip code is 98368 which is in Port Townsend, WA

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