821 Bay St Port Orchard, WA 98366

Building Details

Year Built

1900

Listing agency G ANDERSON GROUP LLC g***@aol.com Show Phone

Listed by GARY ANDERSON · License #24306

Source Corcoran

Added: Jan 14, 2025 Updated: Jul 6 at 10:21AM Checked: Jul 21 at 5:22AM

Report an Issue

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 G ANDERSON GROUP LLC

---

Investment Insights

Based on property information with market context.

This mixed-use property features three residential tenants on the top floor and three commercial tenants on the bottom floor. The residential tenants typically have 12-month terms. There is potential for renegotiations regarding longer-term leases for the commercial tenants. The property also includes income from six parking stalls at the rear. The property is fully leased and in a prime location. With upcoming improvements to downtown Port Orchard over the next 5 years, the property offers the potential for appreciation.

Key Highlights

• High CAP rate (over 8%) indicating strong income potential.
• Fully leased property with a mix of residential and commercial tenants, providing diversified income streams.
• Prime downtown Port Orchard location.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,100,000

  5,592 SF

  Fully Leased Office Building

  100% leased office building with shared ADA restrooms on each floor and a common area kitchen/breakroom.

  104 Tremont St, Port Orchard, WA 98366

  View Details
• 

  $875,000

  6,347 SF

  Warehouse-Flex and Office Buildings

  Two separate buildings combine open-span warehouse space with dedicated office for versatile commercial operations.

  4560 Mile Hill Dr, Port Orchard, WA 98366

  View Details
• 

  $2,300,000

  10,171 SF

  South Kitsap Medical/Professional Office Building

  Office building in South Kitsap's medical corridor, ideal for owner-user.

  1922 Pottery Avenue, Port Orchard, WA 98366

  View Details
• 

  $1,500,000

  8,750 SF

  Multi-Tenant Shopping Center Investment

  Acquire Bethel Center, a multi-tenant leased retail property serving Port Orchard with easy regional access.

  1541 SE PIPERBERRY WAY, PORT ORCHARD, WA

  View Details
• 

  $600,000

  1,068 SF

  Gorst Commercial Property with Redevelopment Potential

  Commercial property in Gorst with redevelopment and rental income potential.

  3955 W Frontage Rd, Port Orchard, WA

  View Details
• 

  $1,300,000

  3,840 SF

  Well-Maintained Office Building with Garage

  Two-story office building with flexible layout and detached garage.

  1550 Woodridge Dr SE, Port Orchard, WA 98366

  View Details
• 

  $999,999

  3,840 SF

  Well-Maintained Office Building with Garage

  Two-story office building with flexible layout and detached garage/shop.

  1550 Woodridge Dr SE, Port Orchard, Port Orchard, WA 98366

  View Details
• 

  $975,000

  Retail Opportunity in Port Orchard

  Retail space with potential for owner-operator.

  3985 Cherry St SE, Port Orchard, WA 98366

  View Details
• 

  Contact for pricing

  28,095 SF

  Value-Add Multifamily Investment Opportunity

  Multifamily property with value-add potential in Port Orchard, WA.

  1912 SE Jerry Ln, Port Orchard, WA 98366

  View Details
• 

  $1,400,000

  2,420 SF

  Retail Space For Sale

  Retail space available for purchase.

  1467 Olney Ave SE, Port Orchard, WA 98366

  View Details
• 

  $1,415,000

  8-Unit Apartment Building

  Fernwood Manor is an 8-unit apartment building offered for sale in Port Orchard, WA.

  3690 Jackson Ave SE, Port Orchard, WA 98366

  View Details
• 

  Contact for pricing

  Former K-Mart Big Box Retail

  Vacant big box retail building plus five additional retail units on an 8.24-acre site near Mile Hill Road.

  1353-1397 Olney Avenue, Port Orchard, WA 98366

  View Details

FAQs

What type of property is this?

Mixed-use property - Fully leased mixed-use property with income potential in downtown Port Orchard.

Where is this mixed-use property located?

The property is located at 821 Bay St Port Orchard, WA.

What is the asking price?

The asking price for this property is $670,000.

What are key features of this property?

This property features: High CAP rate (over 8%) indicating strong income potential.; Fully leased property with a mix of residential and commercial tenants, providing diversified income streams.; Prime downtown Port Orchard location.