3530 Old Belfair HwyBelfair, WA 98528

Property Details for 3530 Old Belfair Hwy

Year built

1968

Lot size

1.75 AC

Property size (Sq ft)

2,000 SF

Property type

Grocery and convenience stores

APN

12309-41-00150

APU

123094100150

Description

This exceptional retail investment opportunity encompasses a thriving convenience store and gas station situated on 1.75 acres in Belfair, WA. The property boasts 7,481 square feet of space, including two buildings, a spacious lot with 32 parking spaces, and 192 feet of road frontage on the heavily trafficked Old Belfair Highway. Built in 1968 and renovated in 1972, the property includes a full-service convenience store, three finished shops, storage, laundry, office, and training spaces. Additional amenities include a picnic area, private yard, covered entertaining area, and creek access. The gas station features 3,000 gallons of non-ethanol and 2,500 gallons of unleaded fuel tank capacity (no diesel), with tanks recently tested. The property also includes a hidden apartment-style living space, ideal for an owner-operator or for lease. Long-term tenants occupy a separate building on the property. The convenience store offers a wide array of products, including ice cream, firewood, cigarettes, wine & beer, homemade sandwiches, lottery tickets, ice, and an ATM. Private postal boxes are available, along with Amazon and UPS deliveries. The property benefits from exceptional dual pylon signage and pull-through access for large vehicles. The asking price is $2,600,000, representing a price per square foot of $347.55. This turnkey operation presents a significant opportunity for growth, with potential for additional income streams through propane sales. The property's prime location in a rapidly growing market, combined with its diverse revenue streams and established customer base, makes it an attractive investment. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $795,571

  6.5%

  $734,373

  7%

  $681,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,351,546

  Geo Method

  $970,603

• Alternative Use

  Use

  Valuation

  Residential

  $619,472

  Hospitality

  $567,433

  Educational

  $472,097

  Medical

  $488,333

  Retail

  $734,373

Location Insight

City

Belfair

County

Mason

State

Washington

Latitude

47.4957

Longitude

-122.804

CBSA code

43220

CBSA name

SHELTON, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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