2009 Harkins StBremerton, WA 98310

Property Details for 2009 Harkins St

Year built

1941

Lot size

0.08 AC

Property size (Sq ft)

1,770 SF

Zone code

CITY

Property type

Office properties

Property subtype

Office buildings

APN

3918-003-002-0106

APU

39180030020106

Description

This fee-simple property at 2009 Harkins St, Bremerton, WA 98310, presents a unique redevelopment opportunity. The 1,770 square foot building, constructed in 1941, sits on a 0.14-acre lot and is zoned for Neighborhood Business use. Currently configured as a two-unit building suitable for office or retail use, it offers immediate income potential. One unit is a turnkey office space, while the adjacent smaller suite is available for lease. The property includes two parcels; the south-facing parcel is currently vacant and undeveloped. This presents significant potential for mixed-use development, potentially incorporating multi-family components. The existing business and its fixtures will vacate upon sale. The building's prime location offers convenient access to the Bremerton/Seattle ferry and the Puget Sound Naval Shipyard & Intermediate Maintenance Facility (PSNS & IMF), a 5-minute drive or a 20-minute walk away. Water and ferry views enhance the property's desirability. The asking price is $735,000. This Class C building offers a compelling investment opportunity for those seeking a redevelopment project with immediate income potential and a desirable location. The property is a single-story building with multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $478,966

  6.5%

  $442,123

  7%

  $410,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $474,650

  Geo Method

  $340,867

• Alternative Use

  Use

  Valuation

  Residential

  $548,232

  Hospitality

  $502,178

  Educational

  $417,806

  Medical

  $432,175

  Retail

  $649,920

Location Insight

City

Bremerton

County

Kitsap

State

Washington

Latitude

47.5706

Longitude

-122.616

CBSA code

14740

CBSA name

BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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