7XX Callahan Dr, Bremerton, WA 98310
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.