For Sale
$1,550,000

20307 Viking AvePoulsbo, WA 98370

Poulsbo Office Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
109

Highlights

  • Strong investment opportunity: Comparable Silverdale properties sold for $4.1M, offering a 3.62% cap rate with potential for 7%.
  • High-traffic location: 8,375 SF building at the corner of Viking Ave NW and NW Finn Hill Rd, well-maintained since 1980.
  • Efficient layout: Six office suites over two levels, lower-level parking, attractive foyer, and shared amenities.
  • Diverse tenant base: Occupied by chiropractic, acupuncture, massage, dental, photography, and co-working businesses.
  • Abundant parking: Two lots provide 49 spacious parking stalls and landscaped grounds.
  • Flexible zoning: C-2 zoning (City of Poulsbo) allows for diverse business uses and future expansion.

Property Details for 20307 Viking Ave

Property type
Office properties, Mixed-use properties
Square Feet
8,375 SF
Year Built
1980
Buildings
1
Stories
2
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Poulsbo
County
Kitsap
State
Washington
Latitude
47.7473626
Longitude
-122.6557298
20307 Viking Ave, Poulsbo, Washington
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20307 Viking Ave
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