821 Bay Street Port Orchard, WA 98366 – 821 Bay St

821 Bay St (Status: Pending) 700000

821, Bay Street, Port Orchard, WA  98366

This property is a passive income lover’s dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12-month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate of 8.3%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation due to the current and projected growth of the area. Bay St

Listing Details

Asset Class: Retail,Office
Year Built: 1900
Building Total Square Feet: 4464
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 12
Local Zoning Information: DMU

Listing Courtesy of: G. Anderson Group, LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.