228 W 1st St | Port Angeles, WA 98362
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- LoopNet Team
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
| Parcel Number | 55963 | Improvements Assessment | $1,756,591 |
| Land Assessment | $441,369 | Total Assessment | $2,197,960 |
PROPERTY TAXES
Parcel Number
55963
Land Assessment
$441,369
Improvements Assessment
$1,756,591
Total Assessment
$2,197,960
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