3721 Kitsap WayBremerton, WA 98312

  • Office properties
  • 9,490 SF
For Lease
$14/SF/YR View listing

Property Details for 3721 Kitsap Way

Year built
1979
Lot size
0.80 AC
Property size (Sq ft)
9,490 SF
Zone code
CITY
Property type
Office properties
Property subtype
Office buildings
APN
3783-001-014-0009
APU
37830010140009

Description

This exceptional commercial space, totaling 1,120 to 1,645 square feet, is ideally situated on Kitsap Way in Bremerton, a high-traffic area boasting 40,000 cars daily. Located within the Westgate Building, a two-story, 9,490 square foot structure built in 1979, this single-tenant suite offers excellent visibility and accessibility. The space features a new electrical panel, abundant parking (46 spaces across two lots, a 5:1 ratio), and convenient access from a quieter side street. The open floor plan allows for customization to suit various business needs. The building is zoned GC and includes three prominent signage opportunities. This prime location is less than 0.75 miles from the Charleston District and 0.5 miles from Bay Vista, benefiting from both high traffic flow and proximity to thriving residential areas. The building houses a diverse mix of existing tenants, including a nail salon, massage service, barber, chiropractor, and a labor union, creating a vibrant and complementary business environment. An adjoining 525 square foot suite is also available for expansion, offering a total of up to 1,645 square feet. The property sits on 0.8 acres and is classified as Class C. This is a rare opportunity to establish your business in a highly visible and convenient location within a well-established commercial area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,568,017
    6.5%
    $2,370,478
    7%
    $2,201,158
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,544,876
    Geo Method
    $1,827,584
  • Alternative Use

    Use
    Valuation
    Residential
    $2,939,392
    Hospitality
    $2,692,468
    Educational
    $2,240,101
    Medical
    $2,317,142
    Retail
    $3,484,602
3721 Kitsap Way, Bremerton, Washington

Location Insight

City
Bremerton
County
Kitsap
State
Washington
Latitude
47.5695
Longitude
-122.665
CBSA code
14740
CBSA name
BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,019
$262,030
$1,385,760
$1,647,790
-
$262,030
$1,385,760
$1,647,790

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