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    7XX Callahan Dr Bremerton, WA 98310

    For Sale
    $398,000

    Prime East Bremerton development site, 67 units possible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.57-acre commercial and residential land parcel, located at 7XX Callahan Dr, Bremerton, WA 98310 (APN 3965-000-172-0009), presents a unique opportunity for developers. Priced at $398,000, this vacant lot boasts commanding views of the Olympic Mountains and Puget Sound. Its strategic location in Kitsap County's employment corridor, along Central Kitsap's second busiest arterial road (after the highway), ensures high accessibility and strong demand. The property has already undergone design review, significantly streamlining the permitting process and paving the way for a swift transition to a shovel-ready state. Conceptualized as a garden-style apartment building, this site is ideally suited to meet the growing housing needs of Central Kitsap, particularly catering to the influx of personnel associated with Puget Sound Naval Shipyard (PSNS) and the Naval Undersea Warfare Center (NUWC) Keyport, as well as individuals seeking a relocation from Seattle. The site's potential for up to 67 units makes it an attractive investment with significant future development potential. Don't miss this chance to capitalize on the thriving Bremerton real estate market.

    Property Features for 7XX Callahan Dr

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • Garden‑style apartment community planned.
    • Vacant land ready for development.
    • Stunning Olympic Mountain and Puget Sound views.
    • Excellent access via Kitsap County's second busiest arterial road.
    • Prime location within the designated multifamily development core of the employment corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6239145
    Latitude
    47.5864028

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    FAQs

    What type of property is this?
    Land - Prime East Bremerton development site, 67 units possible.
    Where is this land located?
    The property is located at 7XX Callahan Dr Bremerton, WA.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: Garden-style apartment community planned.; Vacant land ready for development.; Stunning Olympic Mountain and Puget Sound views.
    (206) 429-5380
    Request Owner's contact information
    7XX Callahan Dr Bremerton, WA 98310
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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
    7XX Callahan Dr Bremerton, WA 98310
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