20307 Viking NW Ave Poulsbo, WA 98370-8321
- Office buildings
- 6,965 SF
- 1.03 lot acres
Current Use by Public Records
- Office buildings
Property Details for 20307 Viking NW Ave
- Year built
- 1980
- Lot size
- 1.03 lot acres
- Property size
- 6,965 SF
- Zone code
- CITY
- Property type
- Office buildings
- APN
- 152601-1-144-2003
- APU
- 15260111442003
Description
This exceptional commercial property, located at 20307 Viking Avenue NW in Poulsbo, WA, presents a lucrative investment opportunity. The building, zoned C-2, boasts a prime, signalized location ensuring high visibility and accessibility for businesses. Currently housing a thriving mix of tenants including a chiropractic practice, acupuncture clinic, dental office, and a co-working space (with one unit currently vacant), this property offers immediate income potential. The building features 49 parking spaces, a significant advantage in a high-traffic area. Each floor includes its own public restroom, enhancing convenience for tenants and visitors. Access is provided from two major roads, further maximizing exposure. The property also benefits from prominent monument signage. Meticulously maintained and updated, this building is easy to manage and offers a current 3.63% capitalization rate with potential for expansion to 7%. The property's strong tenant base and strategic location make it an ideal investment for discerning buyers seeking a stable and growing income stream. The vacant unit presents an opportunity for immediate revenue generation or expansion of existing businesses. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Poulsbo
- County
- Kitsap
- State
- Washington
- Longitude
- -122.656
- Latitude
- 47.7474
- CBSA code
- 14740
- CBSA name
- BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA
