$1,570,000 $8,428 est/mo Sourced by Back At You

3721 Kitsap Way,Bremerton, WA 98312

Bremerton WA, 98312

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Description

First time in the market in almost 50 years, the Westgate Plaza on Kitsap Way in Bremerton is a two floor cash flow opportunity for any investor, 1031 exchange, and/or property owner needing a stable income stream. With only 1 vacancy, and a mixed Tenant base made up of mostly retail and office users, the property is priced at a 7.6% CAP rate, right in line with the market for the area. In addition, staggering lease expirations for the 6 current Tenants will help a new owner navigate market rates without having to worry about multiple vacancies all at once. Financials/rent roll, Leases, and maintenance reports are available once under contract.

Details

MLS#2183314
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusPending
Year1979
Days On Site168
Listing Provided ByG Anderson Group LLC | Gary Anderson

Features

Acreage0.80

Market Activity 98312

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 Listings courtesy of NWMLS as distributed by MLS GRID.

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Learn More About This Property

StateWA
CountyKitsap
CityBremerton
Zip Code98312
Area148 - West Bremerton
Community NameOyster Bay
Listing VS Median (in Oyster Bay)
Price:
$1,570,000
low | high
Med:
$875,000
94.267515923567% of Average
On Site:
168
low | high
Med:
77.000000
100% of Average
Sourced by Back At You
Listing Updated: May 14, 2024 at 9:35:08 PM PDT