1700 Mile Hill Dr Port Orchard, WA 98366
- Community centers
- 5.92 lot acres
Current Use by Public Records
- Sunflower Room Salon and Cosmic Ink / Nail Salon / Permanent Make-Up Clinic
- Elisabeth J. Olander, LMP / Holistic Medicine Practitioner / Massage Therapist
- Jason S. Newcombe, Washington State Attorneys, PLLC / Criminal Justice Attorney
- Port Orchard Medical and Therapeutic Specialty Massage / Massage Therapist
- Red Planet Massage Therapy / Massage Therapist
Property Details for 1700 Mile Hill Dr
- Lot size
- 5.92 lot acres
- Zone code
- CITY
- Property type
- Community centers
- APN
- 362401-2-092-2000
- APU
- 36240120922000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,680,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,535,000
- 6.5%
- $8,710,000
- 7%
- $8,630,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,140,000
- Geo Method
- $8,395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,505,000
- Retail
- $10,810,000
- Mixed-Use
- $9,435,000
- Hospitality
- $8,010,000
- Educational
- $10,285,000
- Residential Income
- $9,945,000
- Energy
- $8,905,000
- Income-Based Land
- $8,605,000
- Food Service
- $8,610,000
Location Insight
- Map
- Local Demand
- City
- Port Orchard
- County
- Kitsap
- State
- Washington
- Longitude
- -122.624
- Latitude
- 47.5328
- CBSA code
- 14740
- CBSA name
- BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA