Exceptionally rare offering in Port Townsend! Do not miss the unique opportunity to own a home on over three acres of level land (sixteen city lots!) in one of the area’s most desirable and centrally located neighborhoods. Held in the same family for more than seventy years, this three point eighteen-acre parcel is ideally situated just blocks from North Beach and directly across from the Fairgrounds. The property features thirteen lots zoned C-1/MU (Neighborhood Mixed Use Center) which allows a mix of small-scale commercial and medium-density multifamily development, including retail with apartments above. The three bedroom, one bathroom mid-century home sits in R-1 (Low Density Single Family) zoning. The land is a beautiful blend of open space, young and mature trees, and a small wetland with delineation provided. City water, sewer, and power border the property on three sides. The existing nineteen fifties home is selling as-is and welcomes updates to its classic bones. Spacious two-car garage/workshop is ideal for storage, hobbies, or workspace. Bring your vision to life on this expansive and flexible property- a worthy investment in a prime location! Buyer to verify all development options with the City of Port Townsend.