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+13604225200
LCR
725 Water Street, Port Townsend, WA 98368
- $5,900,000
Listing Broker: Windermere R.E. Port Townsend; Michelle Sandoval; 360-981-6562; michelle@michellesandovalbroker.com
- List Price
- $5,900,000
- Status
- ACTIVE
- MLS#
- 2561854
- Annual Tax Ammount
- 28562
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.
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Additional Information
- Community
- Downtown
- Building Condition
- Very Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1885
- Waterfront
- Yes
- Waterfront Description
- Bayfront, No Bank
- Roof
- Torch Down
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Concrete
- Driving Directions
- On the waterfront of downtown Port Townsend. Past the ferry terminal to 725 Water Street
- Energy Source
- Electric, Propane
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