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    1467 Olney Ave Port Orchard, WA 98366

    For Sale
    $1,600,000

    Prime Restaurant Space, Drive-Thru, High Traffic.

    Property size:
    2,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 2,420-square-foot free-standing restaurant building situated on a sizable 28,314-square-foot lot in Port Orchard, Washington. Built in 1989, the property boasts a convenient drive-thru lane, ample parking, and excellent visibility at a high-traffic intersection with over 35,000 vehicles passing daily. The property is zoned CC and features a desirable location with strong demographics. The building's former use as a Jack in the Box restaurant provides a solid foundation for a variety of food service concepts. Its strategic placement offers significant advantages, benefiting from co-tenancy with established businesses such as Starbucks, McDonald's, Tractor Supply Co., and Albertsons, ensuring high foot traffic and brand recognition. The property's APN is 302402-3-046-200, and the address is 1467 Olney Ave SE, Port Orchard, WA 98366. This turnkey property is priced at $1,600,000 and presents a compelling opportunity for investors seeking a high-return, established location in a thriving community. The property's size and location make it ideal for a variety of restaurant concepts, offering significant potential for growth and profitability.

    Property Features for 1467 Olney Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,420 SF

    Building Details

    Year Built
    1989

    HighLights

    • $1,600,000 asking price for this 2,420 SF retail restaurant property.
    • Free‑standing building with drive‑thru.
    • Ample parking available.
    • Strong demographics and excellent visibility at a high‑traffic intersection (35,000+ vehicles per day).
    • Located near Starbucks, McDonald's, Tractor Supply Co., and Albertsons.
    • Situated on a 28,314 SF lot in Port Orchard, WA (APN: 302402‑3‑046‑200).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6075548
    Latitude
    47.5342778

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, Drive-Thru, High Traffic.
    Where is this restaurant located?
    The property is located at 1467 Olney Ave Port Orchard, WA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price for this 2,420 SF retail restaurant property.; Free-standing building with drive-thru.; Ample parking available.
    Request Owner's contact information
    1467 Olney Ave Port Orchard, WA 98366
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1467 Olney Ave Port Orchard, WA 98366
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