PORT TOWNSEND — Quimper Mercantile has purchased a 1-acre parcel on the corner of Sims Way and Evans Vista, where it plans to build a new storefront in the next two to three years.

To raise funds for construction, a round of stocks will be issued sometime in 2026.

Peter Quinn, the mercantile’s board president, said the location is an ideal retail opportunity.

“People think there’s a lot of traffic that comes off of the ferry where we’re located right now, but significantly more comes into town through Sims Way,” Quinn said.

The store is owned by more than 800 mostly local shareholders, whose stock purchases funded the opening of the store in its current location, 1121 Water St., in 2012.

The new location also is central to a number of new developments, including Port Townsend’s Evans

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