601 Highland Ave Bremerton, WA 98337

This property offers a unique opportunity to acquire a 280-unit multifamily transit-oriented development site in downtown Bremerton. The site is located six blocks from the Bremerton Ferry Terminal, which provides access to Seattle via a 30-minute passenger-only or 60-minute car/passenger ferry. The property is located in a Qualified Census Tract and is eligible for Multifamily Tax Exemption development incentives. It is situated in a pedestrian zone in downtown Bremerton and is surrounded by retail and lifestyle amenities, including the Harborside Waterfront Boardwalk. The property is located seven blocks from the largest Naval Shipyard on the West Coast, which employs over 20,000 active duty and civilian personnel, and one mile from Olympic College. The location offers views of Sinclair Inlet, the Cascade Mountains, and the Olympic Mountains. Area major employers include Naval Base Kitsap, Olympic College, the City of Bremerton, Kitsap Credit Union, and CHI Franciscan Health. The property size is 45738 square feet.