Overview
Poulsbo Acreage with Redevelopment Potential
This Poulsbo assemblage features three parcels with four primary buildings, totaling approximately 0.85 acres. The site is located in the Viking Avenue Corridor, which is zoned C-2, one of the city’s most flexible and dynamic districts. The assemblage combines two residential parcels and one retail parcel, creating a footprint with income in place and clear long-term redevelopment potential. The location offers strategic access to Highway 305, downtown Poulsbo, ferry terminals, and regional markets. Parcel 1 consists of approximately 0.31 acres and includes two detached homes, a 480-square-foot garage, and a 240-square-foot carport. Parcel 2 is approximately 0.37 acres and features an 804-square-foot single-family home, a 270-square-foot garage, and a 144-square-foot lean-to. Parcel 3 is approximately 0.17 acres and contains a 575-square-foot retail store, currently occupied by Fluff N Stuff Salon. The primary buildings include a 660-square-foot dwelling built in 1946 with one bedroom and one bathroom, a 600-square-foot dwelling built in 1948 with one bedroom and one bathroom, an 804-square-foot dwelling built in 1946 with two bedrooms and one bathroom, and a 575-square-foot retail store built in 1952. The total building square footage is approximately 2,639, with approximately 2,064 square feet of residential space and 575 square feet of retail space. Permitted uses include retail, restaurants, grocery stores, auto sales and service, offices, salons, hospitality, recreation, mixed-use housing, and self-storage. Conditional uses expand to healthcare, senior living, and research and development. Temporary permits allow mobile food service and short-term activations. With income-producing structures already on-site, city utilities in place, and exceptional zoning flexibility, this assemblage provides multiple paths forward. Located in a rapidly growing submarket with limited buildable land, the Cedar Lane parcels represent a rare investment opportunity for developers, owner-users, or investors seeking both near-term income and long-term redevelopment upside.
