636 Water St $95,000

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    636 Water St Port Townsend, WA 98368

    • 0 Beds
    • 0 Baths
    • Business Opportunity
    Listing# 1502605 | Active
    Days On Market: 61 5 Views
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    Property Details

    Named one of the Top 5 Tea Rooms in all of Western Washington by King 5 TV in 2015, and went on to win the Best Tea House in the entire Seattle area – twice! Thoughtfully designed and executed this small restaurant and retail store is in a beautifully renovated historic building in a great location downtown. Tea and wine bar, lovely sitting area with fireplace and unique garden courtyard for high tea, lunch or perhaps simply a cuppa. So much potential for expansion still exists.

    • General Features
      • County Jefferson
      • Commercial Category BusinessOpportunity
      • Business Name Pippas Real Tea
      • Business Type retail w cafe
      • Franchise N
      • Hours of Operation 10am-5pm Wed-Sun
      • Lease Terms 3-5 Years
      • Licenses Alcohol, See Remarks
      • Major Type of Business Food and Beverage, Retail, See Remarks
      • Number of Employees 9
      • Selling Office Commission 2.5%
      • Year Established 2012
    • Property Features
      • Location See Remarks
      • Lot Square Footage 0
      • Total Covered Parking 0
      • Total Uncovered Parking 0
    • Financials
      • Annual Gross Sales $245,638
      • Annual Rent $26,400
      • Annual Expenses $0
      • Inventory $0
      • Net Proceeds $0

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    Neighborhood

    98368 (Port Townsend) Demographics

    57Median Age
    291Population Density (per sq. mile)
    56%College Educated
    $48,738 Estimated Median Income
    4,955Estimated Total Home Owners
    2,204Estimated Total Renters
    69% / 31%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    15,478Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $458,500 Median Sales Price
    28 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $95,000
        10/11/2019 4:31:28 PM Price Reduced Source New Value: $95,000 -26.92%
        8/20/2019 9:11:00 AM New in Database Source New Value: $130,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.