Welcome To The North Olympic Peninsula....

PURCHASE OF THE PROPERTY .....  $475,000.00

This property is of free and clear title without any encumbrances whatsoever.  The owner will consider carrying a contract with a 20% down payment.  As you will see, the property is centrally located 100 feet from the intersection of two major roads that service Port Angeles; Lincoln Street (Listed by the State of Washington as "US Hwy 101"), and East Lauridsen Boulevard.

The property is located across the street from Jefferson Middle School with a 4 plus acre playground facing the office building.  Albertsons Grocery is also located at the intersection to the West about 125 feet, and Safeway Grocery Store, Port Angeles City Hall, The Police Station, Clallam County Court House are all located within 10 blocks down Lincoln Street.  At the base of Lincoln Street is downtown Port Angeles, Major Hotels, and the Port Angeles Waterfront Park and Arthur D. Feiro Marine Life Center located on the city pier.  The Port Angeles High School and the Headquarters to the Olympic National Park are approximately nine blocks above the office building, with the High School directly above and the Park Headquarters a few blocks to the East, both on Park Street.

As stated above, the asking price of the main building and the adjoining residence is $475,000.00.  This asking price is far below comparable values for a building of this kind.  There is no other like commercial property that we or our agents have been able to locate West of Tacoma Washington.   Therefore, according to a current Market Analysis, as well as new construction estimates offered by local commercial building contractors, the cost of the building alone would cost approximately $800,000 dollars to replace, and the appraised value is estimated in the $800 to $900,000 dollar range.  This appraised value takes into consideration the lap pool, sauna, Jacuzzi, and gym and its equipment.

This is a very unique and one of a kind property, which is located in Port Angeles, Washington, the major City located on the North Olympic Peninsula servicing over 100,000 area residents.  The main building was originally build in 1979, with the addition of the Lounge area, Sauna, Jacuzzi, Weight Room, and Lap Pool added in 1982. 

The owner will entertain offers, however the asking price has already been reduced far below appraised value. The owner wishes a quick sale due to health concerns of her husband, and has already lowered the price significantly at the advice of her Realtor for a quick sale.