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Three-Building Retail Center Redevelopment
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1735 Village Lane SE, Port Orchard, WA 98366

Value-add three-building retail center includes a multi-tenant building, a vacant former grocery building, and developable land.

Property SizeContact for details
Lot Size8.00 Acres
Days on Market122

Property Features for 1735 Village Lane SE

General Information

Standard status Active
Lot size 8.00 Acres
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Northmarq - Seattle
Listed By: Sean Tufts · License #WA 74057
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 10:35PM

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 Northmarq - Seattle

Investment Insights

Based on property information with market context.

SOUTH PARK VILLAGE is a value-add and redevelopment opportunity featuring a three-building retail center on nearly eight acres. The site includes a multi-tenant retail building, a vacant former grocery building, and a vacant parcel of developable land. A Chase Bank pad is priced and may be sold separately.

The property is positioned as an investor-driven repositioning project, with vacant anchor space and additional raw land providing room for flexibility tied to zoning and use restrictions. Ownership is currently bypassing long-term leasing prospects to keep development potential intact for a new investor.

The large lot size is intended to support a complete redevelopment of the site for alternative uses, with the remarks citing storage, housing, warehouse, and industrial uses as possibilities.

Key Highlights

  • Three‑building retail center on nearly 8 acres, including a multi‑tenant retail building, a vacant former grocery building, and developable land
  • Vacant anchor building plus an additional raw parcel of land on‑site offers space for redevelopment planning
  • Chase Bank pad is priced and may be sold separately

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Hair Salon Building Supply HVAC Service Parking Lot & Garage Kitchen & Bath Showroom

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

236
Businesses Nearby
50k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 52% Shops & Services 48%
McDonald's Dining
24,514 visits/mo 0.3 miles
Dollar Tree Shops & Services
12,762 visits/mo 0.2 miles
Chevron Shops & Services
6,669 visits/mo 0.3 miles
Chase Bank Shops & Services
4,301 visits/mo 0.3 miles
Papa John's Pizza Dining
1,507 visits/mo 0.2 miles

Demographics for 98366, WA

36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Value-add three-building retail center includes a multi-tenant building, a vacant former grocery building, and developable land.
Where is this shopping center located?
The property is located at 1735 Village Lane SE Port Orchard, WA.
What are key features of this property?
This property features: Three‑building retail center on nearly 8 acres, including a multi‑tenant retail building, a vacant former grocery building, and developable land; Vacant anchor building plus an additional raw parcel of land on‑site offers space for redevelopment planning; Chase Bank pad is priced and may be sold separately
More about this property
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