3530 NE Old Belfair Hwy Belfair, WA 98528
For Sale
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This exceptional retail investment opportunity encompasses a thriving convenience store and gas station situated on 1.75 acres in Belfair, WA. The property boasts 7,481 square feet of space, including two buildings, a spacious lot with 32 parking spaces, and 192 feet of road frontage on the heavily trafficked Old Belfair Highway. Built in 1968 and renovated in 1972, the property includes a full-service convenience store, three finished shops, storage, laundry, office, and training spaces. Additional amenities include a picnic area, private yard, covered entertaining area, and creek access. The gas station features 3,000 gallons of non-ethanol and 2,500 gallons of unleaded fuel tank capacity (no diesel), with tanks recently tested. The property also includes a hidden apartment-style living space, ideal for an owner-operator or for lease. Long-term tenants occupy a separate building on the property. The convenience store offers a wide array of products, including ice cream, firewood, cigarettes, wine & beer, homemade sandwiches, lottery tickets, ice, and an ATM. Private postal boxes are available, along with Amazon and UPS deliveries. The property benefits from exceptional dual pylon signage and pull-through access for large vehicles. The asking price is $2,600,000, representing a price per square foot of $347.55. This turnkey operation presents a significant opportunity for growth, with potential for additional income streams through propane sales. The property's prime location in a rapidly growing market, combined with its diverse revenue streams and established customer base, makes it an attractive investment. Showings are by appointment only.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.