1700 Mile Hill Dr Port Orchard, WA 98366
This exceptional Port Orchard, WA investment opportunity presents a thriving retail and office center, Town Square, boasting 154,604 square feet across two, two-story buildings on a 12.75-acre lot. The property, built in 1981 and recently upgraded with over $3 million in improvements, offers multiple tenancy options with a minimum divisible space of 323 square feet and a maximum contiguous space of 13,764 square feet. Currently, 14,087 square feet is vacant, presenting significant leasing potential. The property features ample parking with 700 spaces and is conveniently located at 1700 SE Mile Hill Dr, Port Orchard, WA 98366, near Mile Hill Drive, within the CBA Port Orchard submarket and zoned CMU. The center benefits from strong anchor tenants including Northman's Sporting Goods, Grocery Outlet, and Ace Hardware, alongside a growing roster of restaurants and entertainment venues such as Peninsula Axe and Brews, a new pizza restaurant, a gourmet hot dog restaurant, and a soon-to-open Dimension XR reality room. This prime location in a rapidly developing area of Kitsap County offers a unique chance to capitalize on the increasing demand for retail and office space. A stand-alone building with 1934 square feet is also available, featuring 38 parking stalls with access to the mall's parking lot, a drive-through, and covered outdoor seating options. This property is ideal for a variety of businesses seeking a vibrant and established location.
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Sunflower Room Salon and Cosmic Ink Hair Salon Nail Salon
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Elisabeth J. Olander, LMP Physician Alternative Medicine Practice
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Jason S. Newcombe, Washington State Attorneys, PLLC Law Firm
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Port Orchard Medical and Therapeutic Specialty Massage Alternative Medicine Practice Spa & Massage Center
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Red Planet Massage Therapy Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CITY · Port Orchard, WAPort Orchard. Always verify with local authorities before improvements.
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.