Multi-Tenant Retail and Auto Repair
706 Pacific Avenue Bremerton, WA 98337
706 Pacific Avenue, Bremerton, WA, 98337
$1,895,000
For Sale
$1,895,000
Multi-tenant building with street-level walk-up retail, executive office space, and professional auto repair uses.
Property Size6,340 SF
Price / SF$298.90
Days on Market434
Property Features for 706 Pacific Avenue
General Information
- Standard status
- Active
- Size
- 6,340 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1940
Listing agency
Ison Realty
(360) 373-0317
Listed by
Shane Ison
Source
Xome
Added: May 14, 2025 Updated: Jul 20 at 9:22PM Checked: Jul 21 at 3:10AM
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 Ison Realty
Investment Insights
Based on property information with market context.
This multi-tenant building totals 6,340 SF and includes street-level walk-up storefront retail, executive office space, and professional auto repair as current uses.
The property is located at 706 Pacific Avenue in Bremerton, about one block from the Norm Dicks Government Center and within a short walk to the Seattle Ferry. The listed zoning is “Downtown Suba… area / Pedestrian Oriented Mixed Use,” with a 50' building height limit.
For buyers and tenants seeking a downtown-style mix of retail, office, and automotive repair space within a pedestrian-oriented mixed-use zoning framework, this centrally positioned property provides multiple existing income streams under one roof.
The property is located at 706 Pacific Avenue in Bremerton, about one block from the Norm Dicks Government Center and within a short walk to the Seattle Ferry. The listed zoning is “Downtown Suba… area / Pedestrian Oriented Mixed Use,” with a 50' building height limit.
For buyers and tenants seeking a downtown-style mix of retail, office, and automotive repair space within a pedestrian-oriented mixed-use zoning framework, this centrally positioned property provides multiple existing income streams under one roof.
Key Highlights
- Multi‑tenant building with 6,340 SF of space
- Street‑level walk‑up store front retail plus executive office space
- Professional auto repair use included
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.9k | $21.60 |
| − Vacancy | −$16.4k | −$2.59 |
| EGI | $120.5k | $19.01 |
| − OpEx | −$30.1k | −$4.75 |
| NOI | $90.4k | $14.26 |
6,340 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,383 @ 7.0% cap · market cap 4.77%
Second Best
Retail
$1.05M
$918.7K – $1.22M
NOI $73,493 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,985 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Serengeti Care
Home Health Care Service
Blue Canary Auto ...
Auto Repair Shop
Blue Canary
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Kirb Hamper Towing and Roadside — 233 5th St, Bremerton, WA 98337
- Discount Tire & Wheel — 702 Park Ave, Bremerton, WA 98337
- Toned Up Towing's Co. — 1227 Gregory Way, Bremerton, WA 98337
- Road Brisk Towing Ltd. — 279 4th St, Bremerton, WA 98337
- Safelite Auto Glass — bremerton, wa 98337
FAQs
What type of property is this?
Auto shop - Multi-tenant building with street-level walk-up retail, executive office space, and professional auto repair uses.
Where is this auto shop located?
The property is located at 706 Pacific Avenue Bremerton, WA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Multi‑tenant building with 6,340 SF of space; Street‑level walk‑up store front retail plus executive office space; Professional auto repair use included
