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    1700 Mile Hill Dr Port Orchard, WA 98366

    For Lease
    $23 SF/Yr

    Port Orchard retail & office space available

    Lot size:
    154,604 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Port Orchard, WA investment opportunity presents a thriving retail and office center, Town Square, boasting 154,604 square feet across two, two-story buildings on a 12.75-acre lot. The property, built in 1981 and recently upgraded with over $3 million in improvements, offers multiple tenancy options with a minimum divisible space of 323 square feet and a maximum contiguous space of 13,764 square feet. Currently, 14,087 square feet is vacant, presenting significant leasing potential. The property features ample parking with 700 spaces and is conveniently located at 1700 SE Mile Hill Dr, Port Orchard, WA 98366, near Mile Hill Drive, within the CBA Port Orchard submarket and zoned CMU. The center benefits from strong anchor tenants including Northman's Sporting Goods, Grocery Outlet, and Ace Hardware, alongside a growing roster of restaurants and entertainment venues such as Peninsula Axe and Brews, a new pizza restaurant, a gourmet hot dog restaurant, and a soon-to-open Dimension XR reality room. This prime location in a rapidly developing area of Kitsap County offers a unique chance to capitalize on the increasing demand for retail and office space. A stand-alone building with 1934 square feet is also available, featuring 38 parking stalls with access to the mall's parking lot, a drive-through, and covered outdoor seating options. This property is ideal for a variety of businesses seeking a vibrant and established location.

    Property Features for 1700 Mile Hill Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    154,604 SF
    Total Rate
    296324.33

    Building Details

    Year Built
    1981
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 101
    Size
    1,522 SF
    Rate per SF
    $204
    Space
    Available Space 143
    Size
    627 SF
    Rate per SF
    $25
    Space
    Available Space 1696-110
    Size
    13,764 SF
    Rate per SF
    $23
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sunflower Room Salon ... Beauty Salon Elisabeth J. Olander, ... Holistic Medicine Practitioner Jason S. Newcombe, ... Criminal Justice Attorney Port Orchard Medical ... Massage Therapist Red Planet Massage ... Massage Therapist

    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
    -122.6232881
    Latitude
    47.5325758

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    FAQs

    What type of property is this?
    Neighborhood center - Port Orchard retail & office space available
    Where is this neighborhood center located?
    The property is located at 1700 Mile Hill Dr Port Orchard, WA.
    What is the lease rate?
    The lease rate is $23-$204 SF/Yr.
    Request Owner's contact information
    1700 Mile Hill Dr 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
    1700 Mile Hill Dr Port Orchard, WA 98366
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