821-825 Bay St - Storefront Retail/Residential FOR SALE


Port Orchard, WA 98366
$833,000 USD
360-602-5764
821-825 Bay St, Port Orchard, WA for Sale
$833,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 7% Cap Rate

821-825 Bay St
Port Orchard, WA 98366


HIGHLIGHTS

  • Walking distance to restaurants, bars, activities in downtown Port Orchard
  • Heavy vehicle and walking traffic location
  • Tenured Tenants and desirable location

OVERVIEW

This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12-month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate of 7%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation due to the current and projected growth of the area. Bay St properties rarely come to the market, especially those that are 100% Leased with tenured businesses and residential tenants. This is a must see, scenic waterfront opportunity, in one of the 10 fastest growing cities in Kitsap County. Don't miss out.

FOR SALE DETAILS

PRICE

$833,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CITY

APN/PARCEL ID

4053-013-007-00-04

ASK ABOUT THIS PROPERTY

Joe PercaccioloG Anderson Group LLCMore Info
360-602-5764

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Joe PercaccioloG Anderson Group LLCMore Info
360-602-5764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.