3721 Kitsap WayBremerton, WA 98312

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 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.

• 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

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

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