104 1St StPort Angeles, WA 98362

Property Details for 104 1St St

Property size (Sq ft)

4,868 SF

Property type

Retail space

APN

630000032000000

APU

630000032000000

Description

This exceptional opportunity presents the acquisition of 104 E First Street, a thriving bookstore in the heart of Port Angeles, Washington. Operating successfully for 38 years, this landmark business, known as Port Book and News, is offered for sale for the first time. The asking price is $724,900. The property is classified as Special Purpose and boasts a strong sales history, exceeding 95,000 books sold in 2023 alone. Its diverse inventory includes a wide range of titles, from children's coloring books to academic textbooks, catering to a broad customer base. Beyond books, the store offers newspapers, gifts, art supplies, and even a unique canine-friendly perk: free dog treats. Located in downtown Port Angeles at 104 E First Street (zip code 98362), the business benefits from high foot traffic, including numerous ferry passengers. The knowledgeable and dedicated staff contributes significantly to the store's success and positive reputation within the community. This established business presents a rare opportunity to own a well-loved local landmark and a profitable enterprise serving the Olympic Peninsula. The property is situated in Clallam County, Washington, and its geographic coordinates are 48.1187898 latitude and -123.4333125 longitude. This turnkey operation is ready for a new owner to continue its legacy of success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,930,212

  6.5%

  $1,781,734

  7%

  $1,654,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,728,950

  Geo Method

  $2,362,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,502,959

  Hospitality

  $1,376,702

  Educational

  $1,145,400

  Medical

  $1,184,792

  Retail

  $1,781,734

Location Insight

City

Port Angeles

County

Clallam

State

Washington

Latitude

48.1189

Longitude

-123.434

CBSA code

38820

CBSA name

PORT ANGELES, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].