61-Acre Development Site in
For Sale
Contact for pricing
SR 3 & SR 305, Poulsbo, WA 98370
Commercial development site at the intersection of Highway 305 and Highway 3.
Property Size61 SF
Days on Market271
Property Features for SR 3 & SR 305
General Information
Standard status
Active
Size
61 SF
Property subtype
Land
Listing Agency:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(253) 238-0043
Listed By:
John Bauder, CCIM
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 24
Last Checked: Aug 24 at 3:24AM
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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
College Marketplace is a 61-acre development site located at the intersection of Highway 305 and Highway 3 in Poulsbo, Washington. The site consists of 31 commercially zoned parcels. Average daily traffic exceeds 50,000 vehicles per day on these two highways. The development includes 18 parcels zoned Commercial, 11 parcels zoned Business Park, and 3 parcels zoned Multifamily. The City of Poulsbo is open to revising the Masters Plan’s Covenants, Conditions, and Restrictions. The parcels are pad-ready and have been graded with curbs, gutters, and sidewalks installed. Utilities are stubbed for connection. Stormwater retention ponds are in place throughout the development. The ownership is willing to explore various transaction structures to encourage new development, including selling a combination of parcels at a discounted price, selling individual parcels, or providing a buyer or tenant with a build-to-suit building on a sale or lease. Build-to-suit options include industrial spaces from 20,000 to 80,000 square feet, office and medical office spaces from 9,000 to 250,000 square feet, and retail spaces from 2,000 to 60,000 square feet.
Key Highlights
- 1.61‑acre development site with 34 commercially zoned parcels.
- Strategically located at the intersection of Highway 305 and Highway 3 in Poulsbo, Washington.
- High traffic location with combined average daily traffic exceeding 50,000 vehicles.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Commercial development site at the intersection of Highway 305 and Highway 3.
Where is this land located?
The property is located at SR 3 & SR 305 Poulsbo, WA.
What are key features of this property?
This property features: 1.61‑acre development site with 34 commercially zoned parcels.; Strategically located at the intersection of Highway 305 and Highway 3 in Poulsbo, Washington.; High traffic location with combined average daily traffic exceeding 50,000 vehicles.
