1467 Olney Ave SE Port Orchard, WA 98366
For Sale
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Property summary
This exceptional investment opportunity presents a 2,420-square-foot free-standing restaurant building situated on a sizable 28,314-square-foot lot in Port Orchard, Washington. Built in 1989, the property boasts a convenient drive-thru lane, ample parking, and excellent visibility at a high-traffic intersection with over 35,000 vehicles passing daily. The property is zoned CC and features a desirable location with strong demographics. The building's former use as a Jack in the Box restaurant provides a solid foundation for a variety of food service concepts. Its strategic placement offers significant advantages, benefiting from co-tenancy with established businesses such as Starbucks, McDonald's, Tractor Supply Co., and Albertsons, ensuring high foot traffic and brand recognition. The property's APN is 302402-3-046-200, and the address is 1467 Olney Ave SE, Port Orchard, WA 98366. This turnkey property is priced at $1,600,000 and presents a compelling opportunity for investors seeking a high-return, established location in a thriving community. The property's size and location make it ideal for a variety of restaurant concepts, offering significant potential for growth and profitability.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Port Orchard market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CITY · Port Orchard, WAZoning
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Zoning designation
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