SR 3 & SR 305 Poulsbo, WA 98370

Listing agency LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES j***@lee-associates.com Show Phone

Listed by John Bauder, CCIM

Source Lee-associates

Added: Nov 26, 2025 Updated: Jul 6 at 10:41AM Checked: Jul 21 at 6:21AM

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Investment Insights

Based on property information with market context.

College Marketplace is a 61-acre development site located at the intersection of Highway 305 and Highway 3 in Poulsbo, Washington. The site consists of 31 commercially zoned parcels. Average daily traffic exceeds 50,000 vehicles per day on these two highways. The development includes 18 parcels zoned Commercial, 11 parcels zoned Business Park, and 3 parcels zoned Multifamily. The City of Poulsbo is open to revising the Masters Plan’s Covenants, Conditions, and Restrictions. The parcels are pad-ready and have been graded with curbs, gutters, and sidewalks installed. Utilities are stubbed for connection. Stormwater retention ponds are in place throughout the development. The ownership is willing to explore various transaction structures to encourage new development, including selling a combination of parcels at a discounted price, selling individual parcels, or providing a buyer or tenant with a build-to-suit building on a sale or lease. Build-to-suit options include industrial spaces from 20,000 to 80,000 square feet, office and medical office spaces from 9,000 to 250,000 square feet, and retail spaces from 2,000 to 60,000 square feet.

Key Highlights

• 1.61‑acre development site with 34 commercially zoned parcels.
• Strategically located at the intersection of Highway 305 and Highway 3 in Poulsbo, Washington.
• High traffic location with combined average daily traffic exceeding 50,000 vehicles.

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FAQs

What type of property is this?

Land - Commercial development site at the intersection of Highway 305 and Highway 3.

Where is this land located?

The property is located at SR 3 & SR 305 Poulsbo, WA.

What are key features of this property?

This property features: 1.61‑acre development site with 34 commercially zoned parcels.; Strategically located at the intersection of Highway 305 and Highway 3 in Poulsbo, Washington.; High traffic location with combined average daily traffic exceeding 50,000 vehicles.