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Listed by:Windermere R.E. Port Townsend • Michelle Sandoval
$5,300,000
Est. payment /mo
0.29 Acres Lot
New
725 Water ST Port Townsend, WA 98368
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2561854
Style 61 - Comm Bldg Ovr 10K
Year Built 1885
Annual Tax Amount $28,562
Lot Size 0.290 Acres
Property Sub-Type Commercial Industrial
Property Description
A remarkable offering: The Historic Clapp Building & Waterfront Annex. The iconic C.F. Clapp building is a landmark 1885 Victorian structure in the Port Townsend National Historic District. Having undergone a comprehensive reimagining and infrastructure modernization finished in 2018–2020, it stands as a seismic-upgraded marvel that perfectly blends pristine contemporary amenities with original historic character. The building retains its four-brick-thick exposed interior walls and its original Washington Iron Works cast-iron façade. 2 adjacent parcels combined offer 117 feet of waterfront. A top-tier, modern commercial kitchen fully outfitted, including a walk-in refrigerator and two distinct interior dining spaces (seating for 58 in Clapp Saloon & 28 in Annex bar), is turnkey ready. The waterfront plaza, boasts the largest footprint of any private commercial enterprise in downtown Port Townsend (seating for 178), room for live entertainment. The two upper stories are primed for finishing into residential spaces, customizable as 2 grand suites or 4 high-end apartments. Expansion potential: the included plaza parcel presents a blank canvas for structural development, opening options for additional multi-family housing and/or retail spaces. This exceptional property allows for highly sought-after commercial and mixed-use potential. 2020 Recipient of the Mary Johnson Historic Preservation award. Conceptual 2nd & 3rd floor designs & restaurant equipment list in supplements.
Location
State WA
County Jefferson
Area 480 - Port Townsend
Interior
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stucco, Wood
Waterfront Description Bayfront,No Bank
Roof Type Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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