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Poulsbo Land Redevelopment Opportunity
For Sale
$547,500

20363 NW Cedar Ln, Poulsbo, WA 98370

0.37-acre parcel zoned C-2 Viking Avenue in Poulsbo, WA.

Property SizeContact for details
Lot Size0.37 Acres
Days on Market120

Property Features for 20363 NW Cedar Ln

General Information

Standard status Active
Lot size 0.37 Acres

Building Details

Year Built 1941
Listing Agency: Keller Williams Greater 360
Listed By: Joey Soller
Source: Hanshagmeier
Added: May 27 Changed: Sep 23 Last Checked: Sep 22 at 9:42PM

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 Keller Williams Greater 360

Investment Insights

Based on property information with market context.

This 0.37-acre parcel presents an investment or redevelopment opportunity in Poulsbo. Zoned C-2 Viking Avenue, the property has public water and sewer available. Currently used as Single Family Residential, it offers strong potential for conversion to commercial use, owner-user occupancy, investment hold, mixed-use concepts, or possible short-term rental (STR) use. The property includes 2 bedrooms, 1 full bath, a full kitchen, and a wood-burning stove. Additional features are a detached garage, lean-to storage, and an RV parking area without hookups, along with ample lot parking and flat usable land. Located on Finn Hill near Cafe Cocina, the property provides a private, country-style setting while remaining minutes from town. It is approximately 3 minutes from Historic Downtown Poulsbo, Liberty Bay waterfront, Fish Park trails, Highway 3, and College Marketplace shopping. Easy access to Viking Way NW offers a direct route into Silverdale. This C-2 Viking Avenue opportunity has long-term upside potential.

Key Highlights

  • Prime C‑2 Viking Avenue zoning offers significant commercial redevelopment or investment potential, including possible short‑term rental (STR) use.
  • Opportunity to purchase adjoining parcels for a larger assemblage and increased redevelopment possibilities.
  • Conveniently located on Finn Hill, minutes from Historic Downtown Poulsbo, Liberty Bay waterfront, Highway 3, and College Marketplace shopping.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

Demographics for 98370, WA

32,857
Population
13,849
Households
2.4
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
584
Density / Sq Mi
$109,416
Median Household Income
$56,754
Median Earnings
$1,757
Median Rent
$587,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 0.37-acre parcel zoned C-2 Viking Avenue in Poulsbo, WA.
Where is this commercial land located?
The property is located at 20363 NW Cedar Ln Poulsbo, WA.
What is the asking price?
The asking price for this property is $547,500.
What are key features of this property?
This property features: Prime C‑2 Viking Avenue zoning offers significant commercial redevelopment or investment potential, including possible short‑term rental (STR) use.; Opportunity to purchase adjoining parcels for a larger assemblage and increased redevelopment possibilities.; Conveniently located on Finn Hill, minutes from Historic Downtown Poulsbo, Liberty Bay waterfront, Highway 3, and College Marketplace shopping.
More about this property
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