625 Tyler St 8,205 SF 100% Leased Retail Building Port Townsend, WA 98368 $2,686,860 CAD ($327.47 CAD/SF) 6.47% Cap Rate

This exceptional commercial property at 625 Tyler St. Port Townsend, WA, offers a prim Investment opportunity in the heart of downtown. Built in 1940 and significantly renovated 2000 with a seismic retrofit, updated plumbing, electrical, CAT 5 wiring, and new windows, t property was further enhanced in 2025 with fresh paint, two 97% efficient propane furnaces, new roofs, and gutters.
The retail space, currently leased to a thriving printery under a modified gross lease, features new 10-year lease with a 10-year extension option, ensuring long-term stability, with the potent For a buyer to owner-occupy by having tenants vacate. Additionally, the property includes studio apartment generating $700 per month in rental income. The retail space boasts hi Ceilings, exposed beams, ample storage, a roll-up bay door, multiple offices, and stunning wa views, making it a standout in Port Townsend's vibrant downtown. The vacant parcel offers future development potential, enhancing the property's value. Its unmatched location, combined w recent upgrades, a secure lease, and the flexibility for owner-occupancy, positions 625 Tyler St an attractive, low-maintenance investment with significant upside potential.