19660 10Th Ave Poulsbo, WA 98370
- Office buildings
- 15,958 SF
- 0.94 lot acres
Current Use by Public Records
- Office buildings
Property Details for 19660 10Th Ave
- Year built
- 2007
- Lot size
- 0.94 lot acres
- Property size
- 15,958 SF
- Zone code
- CITY
- Property type
- Office buildings
- APN
- 142601-4-059-2001
- APU
- 14260140592001
Description
This exceptional commercial property in Poulsbo, WA, presents a unique investment opportunity. The main building, constructed in 2007, boasts 15,958 square feet of luxurious office space currently configured for a single tenant but easily divisible into up to four separate suites. A 12-car basement garage provides ample parking. The building enjoys excellent visibility from Highway 305, a key thoroughfare. In addition to the main building, a separate 2,734-square-foot single-story building (constructed in 1979) offers significant potential. This secondary structure could be remodeled or rebuilt, adding approximately 9,000 square feet of usable space, significantly increasing the property's overall value and rental income. The 0.94-acre lot provides ample space for expansion or future development. The property benefits from a strategic location, approximately midway between the Bainbridge and Kingston ferries, ensuring convenient access for employees and clients. Its proximity to several government employers, including the Bangor Naval Base and Keyport Research Facility, provides a stable and potentially expanding tenant base. Furthermore, the property's location near retail amenities and Old Town Poulsbo adds to its appeal. The rapidly growing community is projected to add several hundred homes within the next two years, further enhancing the property's long-term value and potential for increased rental demand. This is a rare opportunity to acquire a high-quality, well-located commercial property with significant upside potential. The asking price is $4,200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Poulsbo
- County
- Kitsap
- State
- Washington
- Longitude
- -122.637
- Latitude
- 47.7411
- CBSA code
- 14740
- CBSA name
- BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA
