For Sale
$1,550,000

20307 Viking Ave Poulsbo, WA 98370

Prime Poulsbo location, high visibility, strong income.

Property Records

Overview

Added:
Feb 3
Days on market:
85
This exceptional commercial property, located at 20307 Viking Avenue NW in Poulsbo, WA, presents a lucrative investment opportunity. The building, zoned C-2, boasts a prime, signalized location ensuring high visibility and accessibility for businesses. Currently housing a thriving mix of tenants including a chiropractic practice, acupuncture clinic, dental office, and a co-working space (with one unit currently vacant), this property offers immediate income potential. The building features 49 parking spaces, a significant advantage in a high-traffic area. Each floor includes its own public restroom, enhancing convenience for tenants and visitors. Access is provided from two major roads, further maximizing exposure. The property also benefits from prominent monument signage. Meticulously maintained and updated, this building is easy to manage and offers a current 3.63% capitalization rate with potential for expansion to 7%. The property's strong tenant base and strategic location make it an ideal investment for discerning buyers seeking a stable and growing income stream. The vacant unit presents an opportunity for immediate revenue generation or expansion of existing businesses. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable location.

Property Details for 20307 Viking Ave

Property type
Commercial real estate
Year Built
1980

Location Insight

City
Poulsbo
County
Kitsap
State
Washington
Latitude
47.7474
Longitude
-122.6558

FAQs

What type of property is this?
Commercial real estate - Prime Poulsbo location, high visibility, strong income.
Where is the commercial real estate located?
The property is located at 20307 Viking Ave Poulsbo, WA.
What is the asking price?
The asking price for this property is $1,550,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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20307 Viking Ave
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