3430 Highway 101Port Angeles, WA 98362

Property Details for 3430 Highway 101

Year built

1995

Lot size

24.30 AC

Property size (Sq ft)

128,380 SF

Property type

Retail space

APN

530074100000000

APU

530074100000000

Description

This exceptional investment opportunity presents a 10,000-square-foot mixed-use office complex situated on a prominent 0.83-acre lot at 3430 E Hwy 101 in Port Angeles, Washington, 98362. The property boasts a highly visible location directly across from a Walmart, ensuring excellent exposure and accessibility from Highway 101. The two-story building, constructed in 1976, comprises two buildings and features a main lobby entrance leading to 38 individual offices, easily adaptable for combined or individual rentals. Currently, tenants are on month-to-month leases at below-market rates, presenting a significant opportunity to increase revenue. This property offers substantial value-add potential for an owner-operator, allowing for either maintaining current tenants or implementing a strategic rent increase. The ample parking on the sizable lot caters to both tenants and visitors. The asking price is $1,100,000, representing a compelling $110 per square foot and a 3.44% capitalization rate with a current Net Operating Income (NOI) of $37,851. This Class C property is an ideal investment for those seeking strong cash flow and significant upside potential in a desirable location.

Location Insight

City

Port Angeles

County

Clallam

State

Washington

Latitude

48.1071

Longitude

-123.36

CBSA code

38820

CBSA name

PORT ANGELES, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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