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    OFF-MARKET
    Land

    7XX Callahan Dr, Bremerton, WA 98310

    0.57 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 0.57 ac (24,829 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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