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1100 Perry Ave Bremerton, WA 98310-4945

OFF-MARKET Retail space Google Maps
5,003 SF 0.27 ac lot Built 1946
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$320k
Range $288k – $352k (±10%)
Property ID US90-0106974

Property summary

AI-generated overview

This exceptional 5,003-square-foot retail space presents a unique opportunity in Bremerton's vibrant Manette neighborhood. Located on a highly visible corner lot, this single-tenant property offers significant street frontage and exposure. Built in 1946, the building is classified as Class C and boasts a range of features ideal for a variety of commercial uses. Previously occupied as a restaurant, the space includes a Type 1 hood system, two convenient roll-up doors, and a walk-in facility, all contributing to its operational efficiency. The property's layout is well-suited for a restaurant or similar business, benefiting from its proximity to other established eateries and bars, creating a synergistic environment. The potential for off-street parking adds further appeal. The entire 5,003 square feet is currently vacant, providing immediate occupancy for a new tenant. This property in Kitsap County offers a compelling blend of location, features, and size, making it an attractive investment for a discerning business owner seeking a prominent presence in a thriving community. The building's corner location ensures high visibility and accessibility, while its existing infrastructure simplifies the setup process for a new tenant. This is a rare opportunity to secure a well-positioned commercial space in a desirable area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 5,003 SF
Lot 0.27 ac (11,761 SF)
Zoning code CITY
APN 3960-000-009-0003
UPID US90-0106974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2022
Last sale
$253,500
5 recorded transactions
2022
Price N/A
2003
$253,500
2000
$55,000
1996
Price N/A
1995
$160,000

Zoning & alternative use

CITY · Bremerton, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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