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Downtown Mixed-Use Office Building
For Sale
Contact for pricing
Pending

245 4th St, Bremerton, WA 98337

Four-story office above ground-floor retail, with a penthouse conference room, offered as a redevelopment opportunity.

Property SizeContact for details
Days on Market148

Property Features for 245 4th St

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Stories 4
Listing Agency: Kidder Matthews
Listed By: Ned Whalen · License #WA
Source: Crexi
Added: Apr 11 Changed: Aug 25 Last Checked: Sep 4 at 8:49PM

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 Kidder Matthews

Investment Insights

Based on property information with market context.

245 4th St is a four-story office building with a penthouse conference room positioned above ground-floor commercial retail. The property is being marketed as a redevelopment opportunity, with the existing configuration reflecting a mixed-use setup at street level and office space above.

The building is located in downtown Bremerton and benefits from walkable access to restaurants, art galleries, specialty retail, the Seefilm-10 cinema, and waterfront access via downtown parks. The site is described as within three blocks of the WS Ferry Terminal and the Kitsap Fast Ferry, and within two blocks of the Naval Shipyard.

As presented, the asset offers a straightforward vertical structure with office uses stacked over ground-floor retail, providing a redevelopment platform in a high-activity downtown corridor.

Key Highlights

  • Four‑story office building with a penthouse conference room over ground‑floor retail
  • Located in downtown Bremerton with walkable access to waterfront and downtown amenities
  • Within three blocks of the WS Ferry terminal

Property Analytics

Current Use

Emily Russell Landscape ... Landscaping Sweet Leaf Henna ... Tattoo & Piercing Shop Critical Insight IT Consulting Firm Bremerton Rotary & Blackberry ... Association / Organization

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Electrical Service Storage Facility Daycare Center

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

1,065
Businesses Nearby

Demographics for 98337, WA

9,653
Population
3,696
Households
2.6
Avg Household Size
29
Median Age
31%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
6,435
Density / Sq Mi
$73,363
Median Household Income
$36,571
Median Earnings
$1,395
Median Rent
$386,700
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Four-story office above ground-floor retail, with a penthouse conference room, offered as a redevelopment opportunity.
Where is this office building located?
The property is located at 245 4th St Bremerton, WA.
What are key features of this property?
This property features: Four‑story office building with a penthouse conference room over ground‑floor retail; Located in downtown Bremerton with walkable access to waterfront and downtown amenities; Within three blocks of the WS Ferry terminal
More about this property
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