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1599 SW Bay St
Port Orchard, WA 98366

Kitsap Marine Properties · Retail Property For Sale

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Investment Highlights

Heavy daytime traffic, waterfront property, separate residential home on property for income.

Executive Summary

A total of 5.05 acres of waterfront property zoned Light Industrial near the heart of Downtown Port Orchard. This property is currently the home of Kitsap Marina which includes a 8,786sf warehouse type building, a 25-slip marina with wood dock and yard storage. There is also a residential modular home consisting of 1,344sf on the property that is tenant occupied. The property is bisected by SW Bay Street and near the Hwy 16 and Hwy 3 interchange. The septic drain field is located on the upland area of the property, there is remaining area that offers other development potential.

PROPERTY FACTS Under Contract

Sale Type

Investment

Property Type

Retail

Property Subtype

Retail

Building Size

8,786 SF

Building Class

Year Built

1976

Price

$2,773,153 CAD

Price Per SF

$316 CAD

Cap Rate

7.06%

NOI

$195,785 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.03

Lot Size

6.19 AC

Zoning

LI - Light Industrial within the City limits of Port Orchard.

Parking

4 Spaces (0.46 Spaces per 1,000 SF Leased)

Frontage

369 ft on Washington 166

Amenities

Fenced Lot

Waterfront

PROPERTY TAXES

Parcel Number	332401-1-009-2007	Improvements Assessment	$850,149 CAD
Land Assessment	$1,066,287 CAD	Total Assessment	$1,916,436 CAD

PROPERTY TAXES

Parcel Number

332401-1-009-2007

Land Assessment

$1,066,287 CAD

Improvements Assessment

$850,149 CAD

Total Assessment

$1,916,436 CAD

Listing ID: 32323856
Date on Market: 2024-07-02
Last Updated:
Address: 1599 SW Bay St, Port Orchard, WA 98366

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