1014 Bay StPort Orchard, WA 98366

Property Details for 1014 Bay St

Year built

1973

Lot size

0.81 AC

Property size (Sq ft)

18,116 SF

Zone code

CITY

Property type

Retail properties

Property subtype

Retail space

APN

4053-014-004-0005

APU

40530140040005

Description

This exceptional mixed-use property at 1014 Bay Street in Port Orchard offers 18,314 square feet of versatile space spread across 13 suites within a two-story building. Built in 1973, this single building sits on a 0.81-acre lot (35,284 square feet) and enjoys prominent Bay Street frontage, providing unparalleled visibility and stunning bay views. The property's location in the heart of the city's commercial district ensures high traffic and easy accessibility. Large windows offer panoramic bay views, creating a desirable atmosphere for any business. The layout is adaptable to various uses, including retail, office, or a combination of both. The property is served by PSE power, but lacks elevators. Property taxes are $1.08 per square foot. Convenient access to public transportation and parking is available. Flexible leasing options are available to accommodate diverse business needs. This is an excellent opportunity to establish a business in a high-traffic, visually appealing location with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $7,206,284

  6.5%

  $6,651,954

  7%

  $6,176,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,242,307

  Geo Method

  $8,791,724

• Alternative Use

  Use

  Valuation

  Residential

  $5,611,172

  Hospitality

  $5,139,804

  Educational

  $4,276,256

  Medical

  $4,423,324

  Retail

  $6,651,954

Location Insight

City

Port Orchard

County

Kitsap

State

Washington

Latitude

47.5424

Longitude

-122.632

CBSA code

14740

CBSA name

BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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