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Port of Seattle Acquires the Salmon Bay Marina on Lake Washington Ship Canal for $15.7MM

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By Jack Stubbs

Late last week on Friday, June 8th, the Salmon Bay Marina on the edge of the Lake Washington Ship Canal sold for $15.7 million, according to public records filed with King County. The buyer was the Port of Seattle, a municipal corporation that looks to contribute to the economic development of Seattle. The seller was Draper Machine Works Inc., a machine shop based in Seattle.

The Port of Seattle did not respond to calls for comment about the transaction in time for the publishing of this story.

According to the buyer’s web site, the Port of Seattle will be the new owner and operator for Salmon Bay Marina and the property will be managed by the staff at Fishermen’s Terminal.

The Salmon Bay Marina, located at 2100 W. Commodore Way, sits on a 5-acre parcel of land and includes a 693 square foot storage/office building built in 1962, according to public documents. The property sits on the edge of Salmon Bay and is approximately three miles to the north of Seattle’s Queen Anne neighborhood and about five miles north of downtown.

According to the property’s web site, the marina offers a variety of services including boat moorage, boat brokerage and sales and outdoor storage for a variety of boat types. The property also features a 60-foot service dock, parking and 168 covered/open slips.

Founded in 1911, the Port of Seattle looks to create jobs in Seattle and across the state of Washington by advancing trade and commerce, promoting manufacturing and maritime growth and stimulating economic development, according to the organization’s web site. The Port of Seattle’s vision is to add 100,000 jobs through economic growth led by the Port for a total of 300,000 port-related jobs in the region.

The Port of Seattle’s acquisition of Salmon Bay Marina adds to its existing portfolios of marinas throughout Seattle. The Port also operates the Bell Harbor Marina along Alaskan Way; the Fisherman’s Terminal along the Lake Washington Ship Canal; and the Harbor Island Marina, which is located on the Duwamish Waterway in West Seattle.