2202 11Th St Bremerton, WA 98310

Property Details for 2202 11Th St

Year built

1901

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a fully renovated historic commercial building situated in Bremerton's desirable Manette business district. Located just one mile from the Seattle ferry, this prime location boasts high visibility and foot traffic. The property is ideally positioned a block from the renowned Saboteur bakery and two blocks from the popular waterfront Boat Shed tavern, ensuring a consistent flow of both local and tourist clientele. The mixed-use building comprises a diverse tenant mix, including two studio apartments, one two-bedroom apartment, a beauty salon, two personal care businesses, a law office, and the expansive former La Fermata restaurant space. This presents a unique opportunity for a savvy investor to capitalize on the existing income stream and further enhance profitability. Current rental rates are below market value, offering significant potential for increased revenue upon lease renewals. The building's historic charm combined with its modern renovations creates a compelling blend of character and functionality. This is a turnkey investment ready for immediate income generation and future growth, perfectly suited for an owner-operator or seasoned investor seeking a strong return on investment in a thriving community. The property's diverse tenant base ensures a stable income stream, while the below-market rents provide significant upside potential. This is a rare chance to acquire a well-established, multi-use property in a highly sought-after location. The building's versatile layout and prime location make it an ideal investment for a variety of business ventures. The property is offered at $1,150,000.

Location Insight

City

Bremerton

County

Kitsap

State

Washington

Longitude

-122.615

Latitude

47.5704