Bremerton, WA 98312,3721 Kitsap Way
Bremerton, WA 98312,3721 Kitsap Way
Bremerton, WA 98312,3721 Kitsap Way
10
Listed by G Anderson Group LLC
Bought with eXp Realty
$1,350,000
$1,570,000
14.0%
Est.Price: ?

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0.8 Acres Lot

3721 Kitsap Way Bremerton, WA 98312

Est. payment /mo
SOLD DATE : 04/30/2024

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Key Details

Sold Price $1,350,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Oyster Bay

MLS Listing ID 2183314

Style 60 - Comm Bldg Und 10K

Year Built 1979

Lot Size 0.800 Acres

Property Description

First time in the market in almost 50 years, the Westgate Plaza on Kitsap Way in Bremerton is a two floor cash flow opportunity for any investor, 1031 exchange, and/or property owner needing a stable income stream. With only 1 vacancy, and a mixed Tenant base made up of mostly retail and office users, the property is priced at a 7.6% CAP rate, right in line with the market for the area. In addition, staggering lease expirations for the 6 current Tenants will help a new owner navigate market rates without having to worry about multiple vacancies all at once. Financials/rent roll, Leases, and maintenance reports are available once under contract.

Location

State WA

County Kitsap

Area 148 - West Bremerton

Interior

Flooring Ceramic Tile, Laminate, Carpet

Exterior

Exterior Feature Brick

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

Others

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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Kyle H Martin

Agent | License ID: 134683

+1(360) 392-5475

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