3721 Kitsap WayBremerton, WA 98312
- Office properties
- 9,490 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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