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    FOR SALE
    Drive through restaurants

    1467 Olney Ave SE, Port Orchard, WA 98366

    2,420 SF 0.65 ac lot Built 1989
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US90-0765102
    Property summary
    AI-generated overview

    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
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1989
    Total area 2,420 SF
    Lot 0.65 ac (28,314 SF)
    Zoning code CITY
    APN 302402-3-046-2000
    UPID US90-0765102
    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
    AI Approach AI
    $440k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $639k
    Blend (final) Blend
    $540k
    Owner & transaction history
    Jack In The Box Properties LLC · 6 yrs held
    Jack In The Box Properties LLC
    since 2019
    2 recorded transactions
    2019
    1993
    $820,000
    Zoning & alternative use
    CITY · Port Orchard, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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