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228 W 1st St
Port Angeles, WA 98362
Armory Square Professional Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Dynamic tenant mix 87% occupied by government, medical, and office tenants.
  • Community Action Program, a tenant since 2003, recently displayed its commitment to the site by exercising a 10-year lease renewal.
  • The Property is offered well below replacement cost at $96/SF.
  • Potential upside to buyer upon lease-up of three vacancies, each less than 2K SF in high-demand office market with zero leasable office space.
  • 100% of in-place tenants have been at this location for over 5+ years.

PROPERTY FACTS

Property Type
Retail
Building Size
29,084 SF
Building Class
C
Year Built
1920
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
1.56 AC
Zoning
P_CA - Commercial
Parking
90 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
287’ on W 1st

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
55963
Land Assessment
$441,369
Improvements Assessment
$1,756,591
Total Assessment
$2,197,960
  • Listing ID: 22875556

  • Date on Market: 4/29/2021

  • Last Updated:

  • Address: 228 W 1st St, Port Angeles, WA 98362

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