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Drive-Through Restaurant with Canopy
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21895 VIKING WAY NW, Poulsbo, WA 98370

Former quick-service restaurant with dual drive-through access, on-site parking, and zoning that permits additional commercial uses.

Property Size2,308 SF
Price / SF$1,126
Days on Market95

Property Features for 21895 VIKING WAY NW

General Information

Standard status Active
Size 2,308 SF
Property subtype Retail
Zoning C-3: SR 305 Corridor
Investment Type Owner/User

Building Details

Year Built 2015
Stories 1
Units 1
Listing Agency: Marcus & Millichap - Seattle
Listed By: Trevor Lane · License #24007779
Source: Crexi
Added: May 28 Changed: Aug 30 Last Checked: Aug 30 at 11:16AM

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 Marcus & Millichap - Seattle

Investment Insights

Based on property information with market context.

Former Sonic Drive-In property with a 2,308-square-foot quick-service restaurant building, an approximately 2,750-square-foot canopy, dual-entry drive-through circulation, and on-site parking. Constructed in 2015, the improvements can support continued restaurant use, while the C-3: SR 305 Corridor zoning permits drive-throughs along with retail, office, hospitality, health services, mixed-use, and residential uses.

The property occupies the corner of Viking Way and State HWY 305 near HWY 3, with reported exposure to more than 74,000 vehicles per day. Access includes a protected left-turn lane, and the site has prominent pylon signage. The surrounding area includes national retailers, schools, and the North Viking Transit Center/Park & Ride, with the property positioned along established commute and school routes.

Within three miles, average household incomes exceed $131,000, and the population has increased by more than 12% since 2010. The Poulsbo submarket has recorded a five-year average retail vacancy rate of 3.3%, 3.4% annual rent growth over five years, and no new retail deliveries in four years.

Key Highlights

  • 2,308 SF quick‑service restaurant building with approximately 2,750 SF canopy
  • Dual‑entry drive‑through and on‑site parking
  • C‑3: SR 305 Corridor zoning permits drive‑throughs and multiple commercial uses

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Real Estate Agency Storage Facility Big Box & Wholesale Store Grocery & Convenience Store Pharmacy Electrical Service

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

367
Businesses Nearby
129k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 67% Shops & Services 26% Electronics 4% Home Improvements & Furnishings 1%
Starbucks Dining
23,089 visits/mo 0.5 miles
Taco Bell Dining
19,208 visits/mo 0.4 miles
Wendy's Dining
17,865 visits/mo 0.5 miles
AMPM Shops & Services
16,033 visits/mo 0.1 miles
Petco Shops & Services
12,266 visits/mo 0.5 miles

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

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
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Former quick-service restaurant with dual drive-through access, on-site parking, and zoning that permits additional commercial uses.
Where is this drive through restaurant located?
The property is located at 21895 VIKING WAY NW Poulsbo, WA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 2,308 SF quick‑service restaurant building with approximately 2,750 SF canopy; Dual‑entry drive‑through and on‑site parking; C‑3: SR 305 Corridor zoning permits drive‑throughs and multiple commercial uses
More about this property
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