725 Water Street, Port Townsend, WA 98368 (MLS # 2561854)

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Listing provided courtesy of Northwest MLS; Windermere R.E. Port Townsend

PRICE $5,300,000
SIZE n/a
LOT SIZE 12,633 sqft

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.

LAST UPDATED 10/27/2026 TRACT Downtown
YEAR BUILT 1885 COMMUNITY Downtown
COUNTY Jefferson STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Ductless
AIR CONDITIONING Yes
AREA 480 - Port Townsend
CONSTRUCTION Stucco
HEAT Ductless , Electric, Propane, Radiant
LOT 0.29 acre(s)
LOT DESCRIPTION Level, Waterfront
MLS STATUS Active
STYLE 61 - Comm Bldg Ovr 10K
SUBDIVISION Downtown
TAXES 28562
UTILITIES Sewer Connected
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Waterfront
ZONING Commercial,Residential

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/27/26 9:21 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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