1599 SW Bay St | Port Orchard, WA 98366
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1599 SW Bay St
Port Orchard, WA 98366
Kitsap Marine Properties · Retail Property For Sale
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
C
Year Built
1976
Price
£1,544,554
Price Per SF
£176
Net Initial Yield
7.06%
NOI
£109,046
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
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 | £482,067 |
| Land Assessment | £604,626 | Total Assessment | £1,086,693 |
PROPERTY TAXES
Parcel Number
332401-1-009-2007
Land Assessment
£604,626
Improvements Assessment
£482,067
Total Assessment
£1,086,693
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