Mixed-Use Property in Port
For Sale
$670,000
Pending
821 Bay Street, Port Orchard, WA 98366
Income-generating mixed-use property with commercial and residential tenants in Port Orchard.
Property SizeContact for details
Days on Market576
Property Features for 821 Bay Street
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
G. ANDERSON GROUP, LLC
(360) 373-2343
Listed By:
GARY ANDERSON · License #24306
Source:
Corcoran
Added: Jan 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of G. ANDERSON GROUP, LLC
Investment Insights
Based on property information with market context.
This mixed-use property features three residential tenants on the top floor and three commercial tenants on the bottom floor. The residential tenants have typical 12-month terms. The property also generates income from six parking stalls located at the rear. The property is fully leased and located in a prime location. The current capitalization rate is 8.3%. Downtown Port Orchard is undergoing improvements over the next 5 years, potentially leading to appreciation.
Key Highlights
- High CAP Rate: Current 8.3% CAP rate indicates strong income potential.
- Fully Leased Property: Generates immediate income from both residential and commercial tenants.
- Prime Location: Situated in a desirable downtown Port Orchard location.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 27%
Hotels & Casinos 7%
76
Shops & Services
9,213 visits/mo
0.4 miles
KFC
Dining
6,307 visits/mo
0.4 miles
KeyBank
Shops & Services
3,013 visits/mo
0.4 miles
Bruce Titus Port Orchard Ford
Shops & Services
2,855 visits/mo
0.4 miles
Comfort Inn
Hotels & Casinos
1,593 visits/mo
0.3 miles
Demographics for 98366, WA
36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-generating mixed-use property with commercial and residential tenants in Port Orchard.
Where is this mixed-use property located?
The property is located at 821 Bay Street Port Orchard, WA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: High CAP Rate: Current 8.3% CAP rate indicates strong income potential.; Fully Leased Property: Generates immediate income from both residential and commercial tenants.; Prime Location: Situated in a desirable downtown Port Orchard location.
