Provided by NWMLS, Listed by Michelle Sandoval, 360-981-6562 at Windermere R.E. Port Townsend

$5,300,000

725 Water Street, Port Townsend WA, 98368

Price per sqftN/A

Built in1885

Property typeCommercial

Overview

Active

Updated 17h ago

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 (seats 58 in Clapp Saloon & 28 in Annex bar), is turnkey. The waterfront plaza, boasts the largest footprint of any private commercial enterprise in downtown Port Townsend (seats 178), room for live entertainment. Special event space? 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.

Additional information

MLS^® ID: 2561854

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.29 Acres

Other Property Details

Taxes: $28,562
Tax Frequency: Annually
Waterfront: Yes
55+/Senior Community: No

Provided by NWMLS, Listed by Michelle Sandoval, 360-981-6562 at Windermere R.E. Port Townsend

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/28/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/28/2026 at 7:27 PM UTC . All data is obtained from various sources and may not have been verified by 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.

Data last updated on 10/28/2026 at 7:27 PM UTC

Kelly Right Real estate