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$5,300,000
New Listing

725 Water Street
Port Townsend, WA 98368

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
—
SqFt
—
/SqFt
1885
Built
Subdivision:
Downtown
County:
Jefferson
Courtesy of NWMLS
Listing courtesy of Michelle Sandoval of Windermere R.E. Port Townsend
Call Now: 206-795-7082
Is this the listing for you? We can help make it yours.
206-795-7082
725 Water Street725 Water Street725 Water Street725 Water Street
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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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Listing Snapshot
Price 
$5,300,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
0 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1885
MLS Number 
2561854
Status 
Active
Property Tax 
$28,562
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
39 minutes agoListing updated with changes from the MLS
39 minutes agoPrice changed to $5,300,000
8 hours agoListing first seen on site
General Features
Acres 
0.29
Additional Property Use 
CommercialResidential
Building Features 
Storage
Utilities 
Sewer Connected
Water Source 
Public
Zoning 
Commercial,Residential
Interior Features
Cooling 
Ductless
Flooring 
Concrete
Heating 
ElectricPropaneDuctlessRadiant
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Exterior Features
Construction Details 
Stucco
Frontage 
110
Lot Features 
LevelWaterfront
Waterfront 
Yes
Waterfront Features 
Waterfront
Community Features
MLS Area 
480 - Port Townsend
Financing Terms Available 
CashConventional
Courtesy of NWMLS
Listing courtesy of Michelle Sandoval of Windermere R.E. Port Townsend



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-10-27 08:56 AM PDT

Neighborhood & Commute
Source: Walkscore
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